QINGDAO PORT (06198) announced plans to invest approximately 6.615 billion yuan in the construction of the Dongjiakou General Terminal Project. The initiative aims to enhance port throughput capacity, optimize production layout, meet operational demands, and support national strategic needs.
The project will involve building seven general berths with capacities ranging from 30,000 to 70,000 tons along the northern and eastern shorelines of Langya Taiwan Operation Area in Dongjiakou Port. This includes four 30,000-ton berths on the northern shoreline, two 40,000-ton berths, and one 70,000-ton berth on the eastern shoreline. The total quay length will span 1,668 meters, with a land area of 109.5329 hectares (including 106.1380 hectares of reclaimed land and 3.3949 hectares of permeable structures). The designed annual throughput capacity is projected at 14.33 million tons.
This investment aligns with the company's strategic development plan and is expected to significantly contribute to its long-term growth. The Dongjiakou General Terminal will serve as a critical hub for bulk and general cargo operations, facilitating the transfer of certain cargo types from Qianwan Port and Dagang Port. It will also better serve the transportation needs of nearby industries such as grain processing, steel, timber, automotive, and equipment manufacturing.
The project is anticipated to strengthen QINGDAO PORT's competitiveness and profitability without materially adverse effects on its financial or operational conditions. The company confirms that the initiative does not harm the interests of shareholders, particularly minority investors.
