On May 7, a designated delivery storage facility for crude oil futures, licensed as the nation's first port enterprise of its kind, was launched at a ceremony at the Dongjiakou Port Area.
HMM Algeciras, the largest container vessel on earth with a TEU (20-foot equivalent unit) capacity of 24,000, started its maiden voyage from the port of Qingdao in eastern China's Shandong province on Sunday.
Shandong Port Group reported considerable increases in both cargo and containers from January to March this year, despite the coronavirus epidemic.
The Yantai Area of the China (Shandong) Pilot Free Trade Zone is stepping up efforts to develop a marine economy by taking advantage of its natural environment.
Shandong Port Group, which has integrated the major ports in the province, including Qingdao Port, Yantai Port, Rizhao Port, and the Bohai Bay Port Group, said that its throughput has continued to increase as economic activity picks up.
Lanshan district in Rizhao, Shandong province, with a coastline spanning 25 kilometers, has been ramping up efforts to promote the development of modern marine ranching.
The first shipment of bauxite produced in Boffa in the northwestern corridor of Guinea, a West African nation, arrived at Rizhao Port in Shandong province on Feb 26.