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SHANDONG Port Shipping has become the latest Chinese coastal line to venture into international services, offering a China-South Korea shuttle, reports London's Loadstar.
The liner arm of Shandong Port Group has started a shuttle service between Qingdao and Busan, chartering the 2009-built multipurpose Guang Ping, which has 629 TEU capacity.
The company, established in 2020 to provide domestic shipping of containers, dry bulk cargo and oil products, follows Zhonggu Logistics and Quanzhou Ansheng in diversifying into international shipping lanes, as freight rates still remain higher than pre-Covid.
Shandong says it is open to expanding the Qingdao-Busan service, if demand will support broader trade, and is planning a service between Weihai and Yantai, in Shandong province, and the South Korean port of Pyeongtaek.
Shandong Port Group, which oversees gateways including Qingdao, Rizhao and Yantai, is among the world's largest port operators and handled 34 million TEU last year, with Qingdao now the world's sixth-busiest container port.
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