An aerial photograph of Yantai Port Group Penglai Port Co Ltd. [Photo provided to chinadaily.com.cn]

Yantai Port Group Penglai Port Co Ltd, a leading provider of cargo handling, warehousing, and passenger ferry agency services, has achieved a remarkable milestone by surpassing an annual cargo throughput of 10 million metric tons for the first time in 2023. This groundbreaking achievement marks a significant step forward for Penglai Port, solidifying its position as a key player in the maritime industry.

Penglai Port specializes in the transportation of bulk cargoes such as timber, wind power equipment, automobiles, coal, and construction materials. With a total shoreline of over 1,700 meters, the port can accommodate 85,000-ton vessels during high tides.

With timber and wind power equipment as its primary cargo sources, Penglai Port has demonstrated its unwavering commitment to innovation and growth. In 2023, the company strategically targeted key cargo sources, meticulously analyzing market potential. As a result, the company successfully handled 3.4 million cubic meters of wind power equipment, 1.48 million cubic meters of timber, and 927,000 tons of coal.

Driven by its relentless pursuit of excellence, Penglai Port has actively expanded its cargo portfolio, introducing four new types of cargo, securing 15 new clients, establishing six new shipping routes, and reviving two previously suspended routes. This steadfast dedication to market expansion has been instrumental in driving the company's growth.

In a testament to its commitment to operational efficiency, Penglai Port has invested in and commissioned a 500-ton mast-type crane, effectively addressing increasing demand for the handling of oversized and overweight wind power equipment. Furthermore, the company has successfully established a comprehensive wind power equipment and large-scale module business recovery operation, further enhancing its service capabilities.