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Yantai port's news

Yantai port working with PetroChina on LNG and crude oil facilities development

PostTime:2019-01-11 09:02:59 View:52

North Chinese port operator Yantai Port Group has signed agreements with two subsidiaries of PetroChina to jointly build the LNG receiving station at west port area of Yantai Port and facilities of a 300,000 tonne-class crude oil terminal. The LNG station project will be jointly constructed by Yantai port and Kunlun Energy Company Limited, a subsidiary of PetroChina. The whole project investment is RMB7bn, including one berth for a 266,000 cu m LNG vessel, LNG storage tanks and other facilities. In addition, Yantai port is to work with PetroChina Fuel Oil Company Limited to build and operate the second phase project of the 300,000 tonne-class crude oil terminal, plus oil storage tank and pipeline project. The project investment is totalling in RMB5bn. Launched in 1861, Yantai port is one of the 25 hub seaports in China. It currently has a 400,000 tonne-class ore terminal, a 300,000 tonne-class crude oil terminal, 560 km oil pipeline and 2.7m cu m crude oil storage area.

Yantai Port chemical fertiliser exports hit 2.1 million tonnes in 4 months

PostTime:2014-06-19 09:02:23 View:428

THE Port of Yantai in northern Shandong province, saw its chemical fertiliser exports surpass 2.1 million tonnes in the first four months of the year valued at US$650 million, reports Xinhua. In recent years, Yantai Customs has been helping the port to attract large bulk cargo by providing quality and efficient services to support local economic development. Fertiliser exports via the port in 2013 reached 3.85 million tonnes, taking up 20.3 per cent of China's total and becoming China's biggest port in the chemical fertiliser export.

Yantai Port cargo volume up 10.4pc to 105 million tonnes in 4 months

PostTime:2014-05-29 08:32:39 View:412

THE Port of Yantai in northern Shandong province, posted a 10.48 per cent year-on-year increase in overall cargo volume to 105 million tonnes in the first four months of the year, reports Xinhua. The port's full-year cargo throughput is expected to hit 300 million tonnes this year, maintaining China's top 10 coastal ports rankings. From January to April, passenger movements of the port increased 3.84 per cent year on year to 1.99 million people. Yantai government this year plans to invest a total of CNY19.56 billion (US$3.12 billion) on 20 port projects, with the annual investment of CNY3.05 billion. At present, main body of the phase 1 project in its western port area has been completed. Also a 300,000-tonne ore berth and a 150,000-tonne coal berth in the port area have been put into operation. Longkou port area's investment in its expansion project of 100,000-tonne navigational channel has been completed 79 per cent and the number 27, 28 and 29 universal berths 88 per cent.

Yantai port container volume up 21.8pc to 553,000 TEU in first quarter

PostTime:2014-04-18 08:08:00 View:451

THE Port of Yantai in northern China's Shandong province posted a record 21.8 per cent increase year on year in container volume to 553,000 TEU in the first quarter of the year, reports Xinhua. The port's overall cargo volume in the period increased 9.8 per cent year on year to 61.06 million tonnes. At present, the port authority make full use of the port's internal and external resources and its multiple port areas such as Zhifu Bay, Longkou, Penglai and western port area take advantages of their terminal's deep water, storage yard and distribution system to promote the production and operation integration of bauxite, an aluminium ore. Bauxite volume in the port increased 27 per cent in the first three months, with the market share maintaining the first place nationwide.

Yantai port cargo volume up 6.1pc to 287 million tonnes in 2013

PostTime:2014-02-18 17:58:26 View:485

 THE Port of Yantai in northern Shandong province, posted a 6.1 per cent year-on-year increase in overall cargo volume to 287 million tonnes in 2013, entering China's top 10 coastal ports rankings, reports Xinhua. Five projects in its western port area, two 50,000-tonne universal berths in the Longkou port area and a 150,000-tonne terminal in the Qimu Island operating area, have been completed and put into operation. In recent years, the Yantai port has developed itself into a chemical fertiliser logistics centre in north China, with the fertiliser exports accounting for more than 60 per cent of the total national market.  Also, it tried hard to make itself a ro-ro logistics base port for commercial vehicles and launched domestic trade ro-ro transport lines from Guangzhou to Yantai with the commercial vehicle exports reaching 52,000 units in 2013. Bauxite volume increased 90.5 per cent year on year through optimising its operation mode.  

Yantai Penglai port 10-month cargo volume up 16pc to 10.09 million tonnes

PostTime:2013-11-27 08:32:08 View:447

THE northern China's Yantai Penglai port in Shandong province posted a year-on-year 16 per cent increase in overall cargo volume to 10.09 million tonnes in the first 10 months, which was two months earlier than last year in hitting 10 million tonnes of throughput, reports Xinhua. The port's full-year throughput is expected to hit 11.3 million tonnes. From January to October, timber in the port soared 104 per cent to 570,000 square. The rapid throughput growth of the port was attributed to its enhanced service and its efforts to expand the supply of goods.   

Yantai port 7-month container volume up 23.64pc to 1.28 million TEU

PostTime:2013-08-28 08:35:45 View:447

THE Port of Yantai in northern China's Shandong province posted a year-on-year 23.64 per cent increase in container volume to 1.28 million TEU in the first seven months, reports Xinhua.  The port's overall cargo volume increased 8.81 per cent to 167 million tonnes in the period. The box volume is expected to hit two million TEU by year end with cargo volume expected to top 300 million tonnes.  The Yantai Port and Shipping Bureau works hard to follow its development plan on building one major western port area and developing multiple specialised port areas such as Laizhou, Longkou, Penglai, Luanjiakou, ZhiFu Bay and Haiyang to achieve comprehensive development.  It has opened Yantai-Yingkou, Yantai-Shenzhen, Tianjin-Longkou-Huangpu-Quanzhou foreign and domestic trade lines with 67 weekly sailings.  

Yantai port cargo throughput increases 15.2pc in first quarter

PostTime:2013-04-18 08:50:09 View:474

THE northern China's Yantai port in Shandong province posted a year-on-year 15.2 per cent increase in cargo throughput to 55.62 million tonnes in the first quarter this year, reports Xinhua. The rapid growth of cargo volume is attributed to the port's strategic cooperation with large cargo owning enterprises and carriers since the start of 2013, and its efforts to develop hit products in the port areas by taking advantage of its bonded port policy.  The port's business is under fast development such as the chemical fertiliser, passenger ro-ro and Japan and South Korea boutique services in Yantai ZhiFu Bay area, Central Africa bulk cargo liner and petroleum coke and North Korean coal in Longkou port, as well as timber business in Penglai port area. 

Shandong's Yantai port first quarter cargo volume increases 8.6 per cent

PostTime:2012-04-26 08:25:04 View:564

THE Port of Yantai, in eastern Shandong province, posted an 8.6 per cent year on year increase in first quarter cargo volume to 48.29 million tonnes - surpassing volume the port achieved in all of 2005. Yantai has developed a convenient, efficient logistics chain on the south bank of Bohai Sea, which has increased the throughput of bulk cargo. Meanwhile, the port enhanced its distribution with rail, road and waterway services to ease heavy pressure on warehouses and freight yard. The port's rail car cargo loading volume climbed 25.9 per cent year on year.

Yantai western port area throughput surpasses million-tonne mark

PostTime:2012-03-08 08:37:20 View:638

SINCE it started operation in August 2010, the western port area of eastern China's port of Yantai in Shandong province has handled more than a million tonnes of cargo, Xinhua reports. Yantai's western port area is located at Yantai Economic Development Area. It will be developed into five operation areas for containers, bulk, liquid, oil and break bulk and will eventually have 45 berths of 10,000 to 300,000 tonnes with a capacity of 7.5 million TEU and 200 million tonnes in overall tonnage.  

Bonded area promotes Yantai’s economy

PostTime:2011-06-23 08:28:16 View:591

Yantai bonded port area has become a powerful engine for the development of Yantai’s marine economy, according to Yu Deping, deputy director of the management committee of the port area. Statistics show that Yantai bonded port area achieved total import and export trade volume of $20.2 billion last year, an increase of 48.4 percent over the year 2009. Integrated with the former import and export processing zones and several small ports, the bonded port area is designed to cover an area of 7.26 square kilometers where processing and logistics will be performed. The bonded port area aims at establishing centers of economic trade, shipping and high-tech industries and boosting various positive policies to propel the sea area’s economic development. To accelerate the aquaculture development, a 270 million yuan cold chain logistics park was under construction and is expected to be completed and open by end of 2012. With a storage capacity of 150,000 tons, the logistics park is able to handle 800,000 tons of products every year. The first stage–an international commodity exhibition center--will soon be completed. The center will set special areas for exhibiting wine, imported food, aquatic products and cosmetics. In terms of infrastructure, the container operation area has been expanded to 1.2 million square meters from the original 450,000 square meters. The annual container throughput is expected to reach five million twenty-foot equivalent units (TEU) by the end of this year. Yantai bonded area also makes efforts on cultivating international shipping lines with the help of special policies for the bonded port area. Cargo throughput hits 74.07 million tons during the first five months, a year-on-year increase of 17.5 percent. Meanwhile, container throughput reaches 656,000 million TEU, a year-on-year increase of 22.6 percent. To enhance international trade, Yantai bonded area plans to spend 20 billion yuan building a 33-square-kilometer area, focusing on developing financial insurance, freight forward, customs clearance and inspection process, informational consultation, high-end real estate, tourism and catering.

Yantai port partners up

PostTime:2011-02-16 07:44:44 View:640

Yantai -Yantai is only 160 kilometers south of Dalian and 220 km south north of Qingdao, but living with prosperous neighbors is not necessarily a good thing. Yantai port finds it hard to compete with these strong and established coastal cities, although it also possesses deepwater wharfs and is close to international sea routes. "In a way, we are being 'attacked' by the two and it is really hard for us to deal with them," said Zhang Xingru, deputy director general of the Bureau of Commerce of Yantai. "Whatever industry we develop around the port, it might clash with the existing industries in Dalian and Qingdao, be it refinery, electronics or machinery." Yantai was among the first ports that opened to the world in the 1860s. Back then, its tariff revenue made up 80 percent of the province's. However, its status dropped significantly after the Jiao-ji Railway was built in 1904. The railway connected Qingdao and major western cities in Shandong province and stretched out to other inland provinces. Since then, Qingdao has gradually taken over Yantai port as the most important port in Shandong. Du Futang, director of the Yantai Port and Shipping Administration Bureau, said that the lack of a convenient railway connection between Yantai port and western Shandong cities forms the bottleneck for the port's development. Normally, Yantai port is able to berth ships of about 100,000 tons. The annual cargo-handling capacity is 200 million tons while Dalian and Qingdao ports can berth ships up to 500,000 tons, and their annual cargo-handling capacity is more than 300 million tons. During the 11th Five-Year Plan (2006-2010), Yantai developed another 26 berths for ships with 50,000 to 200,000 tonnages and another 86 capable of berthing ships more than 10,000 tons. However, it was still dwarfed by the performances of Qingdao and Dalian. "I have to admit, there is some competition among us because of the geographic proximity," Du said. "But we are trying to collaborate with our neighbors rather than compete, since we share a lot of common interests." Yantai and Qingdao have signed a strategic cooperation agreement to build a Shandong international shipping center. Under this agreement, ocean-going freighters with huge tonnage departing from Bohai Bay can load first in Yantai and then in Qingdao port, before they sail out to the open sea. "Outside of Shandong province, the cooperation between Yantai and other ports is initiated by companies which are searching for common interests," Du said. As the gateway connecting the Bohai Bay and international marine transportation routes, Yantai is a must-cross port for freighters coming around the bay. "This offers us a golden opportunity to become their transfer station and distribution center." Located in northeastern Asia, Yantai found that its port's international customers were limited. About 90 percent of its international business partners are from the Republic of Korea and Japan. "This year, we will open an international route together with Qingdao," Du said. It will also launch international routes to Europe, the US and Southeast Asia. "If a batch of goods needs to be processed and exported to Europe, it will be loaded in Yantai, processed in Qingdao and then be transported to Europe. "In a word, we combine domestic and international cargo transportation," Du said. The port is also trying to build its core competitiveness. "Qingdao has refinery and petrochemical industries, Dalian has its steel industry, while Tianjin has a high-end manufacturing industry backed by Beijing. We must build our own industry structure rather than copy theirs." During the last five years, Yantai has invested more than 13 billion yuan (1.5 billion euros) to transform the existing port and build a new one. The new port will be located west of the existing one, cover an area of 50 square kilometers and have a coastline of 19.6 km. Once completed, it will be equipped with a total handling capacity of 200 million tons of cargo and 15 million containers. A tariff-free zone is being planned for the port for industries with "strong Yantai characteristics". "Specialization is the key. The new port industries will focus on pollution-free agricultural products processing, wine products, and fertilizer manufacturing and distribution."Situated north of the Shandong peninsula, at about the same latitude of Athens, Yantai is rich in fruit and vegetable crops. Last year, fertilizer exports hit 3.6 million tons. As the existing port is surrounded by the city, there is no further land for expansion. It will be transformed into a port for luxury international cruises as well as liners to Dalian and the ROK. Wharfs for yachts will similarly be developed along the coastline but most of them will be operated by clubs, Du said. But Du said Yantai's vision is far beyond catching up with its neighbors. "By developing industries with local characteristics, we can form differentiated competition in this region and gain a say in international trade gradually. "Currently, China doesn't have the pricing power of mineral resources, agricultural products and many other strategic resources. If our tariff-free zone attracts enough manufacturers and distributors in these fields, we might have more bargaining power in international trade. "During the last five-year plan, we focused on the scale of expansion," he said. "In the next five years, we will pay attention to modern logistics, specialized and environmentally friendly industries, and comprehensive services."