Qingdao Port International Co. Ltd

Detailed Description

Qingdao Port International Co., Ltd. operates the Port of Qingdao. It operates in six segments: Container Handling and Ancillary Services; Metal Ores, Coal and Other Cargo Handling and Ancillary Services; Liquid Bulk Handling and Ancillary Services; Logistics and Port Value-Added Services; Port Ancillary Services; and Financial Services. The company is involved in the loading and discharging of containers, metal ores, coal, grains, and break bulk and liquid bulk cargos, as well as other general cargo, including iron and steel, vehicles, machinery and equipment, fertilizer, chemicals, timber, pulp, and frozen goods. It also provides storage services; and port management, container freight station, cargo logistics, agency, towing, tallying, facilities construction, trucking, agency and clearance, bonded area, dry port, and trade facilitation services. In addition, the company manufactures port related equipment; and supplies electricity power, fuel, and other products. Further, it offers tallying, tugging, and barging; container-related services consisting of container vanning and de-vanning; processing services comprising sifting, washing, and blending of metal ore and coal; and sorting and re-packing of other general cargo. Additionally, the company provides financial products and services comprising deposit taking, guarantee, insurance agency, and investment and financial management services, as well as corporate loans; and shipping repair and agency, engineering and construction, cargo and trade agency, engineering design, technology, property management, media, lightering, oil pipeline transportation, check and inspection, and environmental technology services. It also engages in LNG operations. As of December 31, 2020, it operated 90 berths at the Port of Qingdao. The company was incorporated in 2013 and is headquartered in Qingdao, the People's Republic of China. Qingdao Port International Co., Ltd. is a subsidiary of Qingdao Port (Group) Co., Ltd.