Projects are the "lifeline" of economic work and the "solid support" for high-quality development. On February 22, Shandong Port Group(SPG) held the ceremony for the completion, operation and and start of world-class port cluster construction projects 2024 in Zhifu Bay Port Area of Yantai Port, marking the official launch by SPG of a total of 32 projects, with a total investment of 56.249 billion yuan in Yantai.
The oceans are strategically important to high-quality development, and ports are a powerful engine for the development of the marine economy. Shandong Port Group(SPG) has always actively integrated into Yantai, deeply dived into Yantai, and served, given full play to the advantages of port resources, and accelerated the organic connection and in-depth interaction between port and urban areas, industrial parks and logistics parks. SPG has also driven economic and trade, and industrial development through the port to push for new achievements in the high-quality and integrated development of port, industry and city. The CPC Yantai Municipal Committee and the Yantai municipal government have also introduced a raft of policies to empower the port, and fully promoted the high-quality development of Yantai port. With the strong driving force of joining the trillion yuan city club, Yantai has provided a broader stage for mutually beneficial cooperation between the port and the city, which will surely grow bigger and bear even larger fruits.
In 2023, Yantai Port's cargo volume reached 424 million tons, up 4.8 percent year-on-year, while its container volume hit a record 4.63 million TEUs, a year-on-year increase of 12.4 percent, with all main indicators reaching record highs. The port paid 1.203 billion yuan in taxes in 2023, double the 2019 amount, and it contributed 38.1 billion to Yantai's foreign trade. Over the past four years since the founding of SPG, Yantai Port has invested more than 30 billion yuan in Yantai, endeavoring to become a"golden partner" for the city's economic development.
The projects started and were put into operation in Yantai involve port infrastructure, port industrial parks, with large scale, enormous development potential, and strong influence and driving forces. The projects showcase the phased achievements of SPG's support for Yantai's high-quality development and mark a new starting point for deepening port-city cooperation. They will be of great importance in promoting the construction of world-class port clusters in Shandong Province and the construction of Yantai as a national logistics hub city. SPG intends to further promote the demonstration development of the integration of the port area, industrial parks and urban area.
12 projects were completed and put into operation, including the second phase of the crude oil terminal and external pipeline project in the West Port Area of Yantai Port and the supporting and fuel oil special pipeline project of the Longkou Bingang Liquid Chemicals Dock Co., with a total investment of 5.649 billion yuan. The throughput capacity of a container terminal will increase by 16.9 million tons, a storage yard of 57,000 square meters, and a crude oil pipeline of 423 kilometers.
With a total investment of about 50.6 billion yuan, the 20 new projects include berths 315-317 in the west port area of Yantai Port, the 150,000-ton oil berth project in west port area, the upgrading and renovation project of liquid chemicals berth 107 in the west port area, the tank area project supporting the second phase of the crude oil terminal in the west port area, the general cargo berth project in the east operation area of Longkou Port, North Circle Industrial Park of Longkou Port, the Passenger Transport # 3 Jetty Project of Penglai Port, the new passenger area project in Penglai East Port Area, the LPG reception station project in Laizhou Port, Yantai Port Plaza and the equipment industrial park of Shandong Port Equipment Group.
In addition, to speed up the transformation and upgrading of the port and facilitate the development of the port and shipping financial industry in Yantai, SPG also established Shandong Gangxin Futures Co., Ltd. Yantai Branch, which will innovate the development of combined spot and futures businesses based on brokerage services, and provide enterprises with risk management services such as hedging, futures delivery warehouses application drive industrial development by financial development.
Facing the future, Shandong Port Group will concentrate on accelerating the building of a world-class port cluster and a first-class port infrastructure system, and fully support the construction of Yantai as an international comprehensive transport-hub city. SPG will concentrate on building a new high ground for the port industry and enhancing its energy level, merging itself deeper into Yantai Port's integrated development of port , industry and city and the layout of the port industrial cluster, providing a paradigm for the integrated development of the port area, industrial parks and urban area . SPG will also make concerted efforts to enhance its function as an important juncture of port supply chains, further promote the "first-class supply chain comprehensive service system based on the port" to take root in Yantai, promote the transformation of Yantai Port from cargo transit port to comprehensive service port and international trade port. SPG will take pragmatic steps to facilitate Yantai City in becoming a central city in Bohai Rim region , and the port and the city work together to make greater contributions to the construction of a strong modern socialist province in the new era.
Reprinted from: China Traffic News