SPG: Ports integration plays key role in group development (Ⅰ)
China DailyShandong Port Group Co Ltd, or SPG, established on Aug 6 in 2019 – which is currently the world's biggest port operator – owns and operates Qingdao Port, Rizhao Port, Yantai Port, and Bohai Bay Port in East China's Shandong province. Shipping business booms SPG has formed a "1+4+11+N" group organizational structure – where one refers to the group headquarters in Qingdao, operating four major port groups, 11 subsidiary groups and numerous inland ports. This has created an integrated group structure with Qingdao port as the leader, Rizhao and Yantai ports as the two wings, Bohai Bay Port being an extension and numerous inland ports as the support. Benefiting from its new business pattern, Rizhao, Yantai and Bohai Bay ports immediately had access to international shipping resources from Qingdao port.