Yantai Port flourishes over centenary development

(chinadaily.com.cn)| Updated : 2021-08-26

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A view of Yantai Port [Photo/IC]

Aug 22 marks the 160th anniversary of Yantai Port. The port has developed into a modern comprehensive port with a throughput exceeding 300 million tons since it first started operating in 1861. It is currently among the top 10 coastal ports in China.

In the first half of 2021, Yantai Port had a throughput of 183 million tons, a year-on-year increase of 8.8 percent. During this period, the foreign trade value of the port reached 15.12 billion yuan ($2.33 billion), up 90.5 percent year-on-year.

In August 2019, Yantai Port became one of four port groups under the ownership of Shandong Port Group, along with Qingdao Port, Rizhao Port, and Bohai Bay Port.

Yantai Port has developed a modern port cluster including the port areas of Zhifu Port, West Port, Longkou Port, Penglai Port, and Laizhou Port.

A modern logistics system integrating energy imports, bauxite logistics, container transfers, and fertilizer and commodity vehicle transportation has been established as well.

In the first seven months of this year, the cargo throughput of Yantai Port reached 214 million tons, up 9.7 percent year-on-year.

In addition, during the 14th Five-Year Plan period (2021-25), the port plans to develop into an international logistics hub. It will accelerate the construction of logistics networks and transportation and promote the high-quality development of Yantai.