Qingdao Port expands Dongjiakou terminal, guarantees subsidiary debt

Qingdao Port International Co., Ltd. announced an investment of RMB 909.7m for Phase I of the eastern container terminal at Langyatai operating area in Dongjiakou Port area. This project, with an estimated four-year construction period targeting completion by 2029, will feature three specialized container berths. It aims to significantly boost the company's container handling capacity and profitability.

Concurrently, the company also disclosed its 2026 guarantee plan for its wholly-owned subsidiary, Qinggang Logistics. Qingdao Port International plans to provide guarantees of up to RMB 7.2bn for Qinggang Logistics' futures delivery warehouse operations. This will bring the total outstanding guarantee amount to RMB 15.2bn as of the announcement date.

Both initiatives were approved by the board of directors. The new terminal project aligns with Qingdao Port's strategic development to enhance its role as an international container hub.