SPG reports sound growth momentum in Q1
China DailyTwo container ships wait to unload at the Qingdao Port Fully Automated Container Terminal operated by SPG. Shandong Port Group – one of the biggest port operators in the world, based in Qingdao city in East China's Shandong province – recently delivered a strong set of financial results and container throughput figures for the first quarter of 2021. During the period, SPG stepped up its moves to develop an international shipping hub in Northeast Asia, with Qingdao Port as the front-runner, making concerted efforts to open and expand Belt and Road Initiative trade routes and premium cross-border e-commerce container express services. Qingdao Port completed its first bulk export of urea by joining forces with the Logistics Group and it also implemented its first insurance business for liquid bulk cargo, together with Finance Holding Group.