Shandong Port Group has entered into a Memorandum of Understanding (MoU) with seven prominent shipping lines, including Cosco Shipping, Maersk, CMA CGM, MSC, Evergreen, SITC, and Ocean Network Express (ONE), to facilitate the export of what it refers to as the New Three Cargoes: electric vehicles (EVs), lithium-ion batteries, and photovoltaic products.
The collaboration aims to enhance container services and streamline operations at Shandong port to better support the export of these key products.
Given China’s status as a major exporter of EVs and the increasing demand for lithium-ion batteries and photovoltaic products, this partnership is crucial for ensuring efficient and stable supply chain operations.
To address the challenges associated with transporting EVs and lithium-ion batteries, the port operator and shipping lines will work together to develop comprehensive container services.
This initiative not only improves service quality but also provides a viable alternative for shipping automobiles in containers, alleviating the strain on car carrier capacity.
Acknowledging the potential safety risks posed by EVs and lithium-ion batteries, both parties will prioritize safety measures to mitigate the risk of fire incidents during transportation.
Commenting on the collaboration, Huo Gaoyuan, Chairman of Shandong Port Group, emphasized the significant role of partner lines in driving cargo throughput and container volume growth at Shandong port.
With over 1.7 billion tons of cargo throughput and 40 million TEU of container volume recorded last year, the port has emerged as a vital hub for China’s economy.
In addition to strengthening partnerships with leading shipping lines, Shandong Port Group has formed a ports cluster, led by Qingdao Port and including major ports such as Rizhao and Yantai, as well as other facilities like Weihai Port, Dongying Port, and Weifang Port.
Together, these ports have introduced 32 new services in 2023, including 27 international-trading routes, further enhancing the region’s connectivity and trade capabilities.
