Throughput 2013: 15,520,000 teu – up 7.01 per cent on 2012 (14,503,000 teu)
With the highest rate of growth of the 10 largest ports in the world, Qingdao remains a stellar performer in China. The fact that its growth rate has slipped below the double digit mark demonstrates the scale of the slowdown that the country is experiencing in its export trades.
Qingdao Port (Group) Co, the owner of the port and majority owner of most of its terminals, this year decided to realise its success by partially floating some of its stock on the Hong Kong stock exchange. It operates its container terminals in conjunction with APM Terminals, DP World, Cosco Pacific, and China Merchants.
The port has set a target of handling 20 million teu by 2015 and 30 million teu by 2020. It has several berths and logistics facilities under construction in its Dongjiakou area to expand capacity, while in the longer term, the port authority has also earmarked the development of a 3 million teu capacity terminal in the Aoshan Bay area.