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SPG enhances cooperation with Thailand

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SPG enhances cooperation with Thailand

Shandong Port Group (SPG) and the Royal Thai Consulate General in Qingdaojointly held an online promotion meeting in Qingdaoon Sept 22. It focused onintroducingand promotingSPG to entrepreneurs from Thailand to explore cooperation opportunities and bolster win-win development.

The promotion event was also broadcastlivevia online channels in cities such as Bangkok and Laem Chabangin Thailand.

The launch of theonline promotion is intended tohelp SPG build an international and open platform for more Thaienterprises tocarry out broader and more in-depth bilateral cooperation with SPG.

Since its establishmenton Aug 6, 2019, SPG,the most economical and convenient shipping outlet along the Yellow River Basin to the sea forASEANmember countries, has comprehensively formed a shipping route cluster that connects itself with countries involved in the Belt and Road Initiative and member states of the Regional Comprehensive Economic Partnership. Three new direct container shipping routes to Thailand were opened in July this year, and currently, it has opened 45 direct shipping routestoSoutheast Asia,including13 direct routes to Thailand. Eighteen international well-knownshipping companies have launched 13 daily direct shipping routes to Thailand’s Lim Chaban Port andBangkok Portper week.

According to official data, all of theseshipping routes to Thailand have providedmore than 20,000 twenty-foot equivalent units (TEUs). Among them, the slots for reefer containers are 2,000 TEUs.

In recent years, SPG has focused on expanding its business of coldchainlogisticsservices, aiming to build itself into a distribution center for consumer goods in northern China. Qingdao Port has become one of themajor ports in North China who providesdirect shipping routes to Thailand with the largest number of shipping routes, the tightestshipping schedule and the widest coveragerate. This has formed a golden seaborne channel that offers product services, high efficiency and low costs for the trade exchanges between regions along the Yellow River Basin and Thailand.

Due to the strong demand forcold chain products from the hinterland market, SPG has cooperated with world-leading carriers such as COSCO SHIPPING and Maersk to upgrade the direct premium cold chain express route for traders in Thailand. Cold chain products from Thailand such as coconuts, duriansand longanscan arrive at Qingdao Port within seven days. In 2021, the growth rate of Qingdao Port’s imports and exports toThailand rose 15 percent year-on-year, and Qingdao Port’s exports volume to Thailand grew 24 percent year-on-year.

Going forward, SPG plans to step up efforts to densify its Southeast Asian shipping network, with Qingdao Port as the hub port, and comprehensively upgrade its direct premium cold chain express route to Thailand. SPG also plansto forge a low cost and highly efficient fruit import green channelto better serve the economic and business exchanges between China and Thailand.

SPG


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