On February 22, 2024, Yantai held a ceremony for the commissioning of the 2024 world-class port cluster construction (Yantai) project and the commencement of new projects. This is the first project to start construction after the Yantai trillion yuan mobilization meeting, and it has been selected at the port, which is of great significance for Yantai under the new coordinates.

Among them, 12 completed and put into operation projects include the second phase and external pipeline engineering of the crude oil terminal in the West Port Area of Yantai Port, the first station supporting and fuel dedicated pipeline engineering of Longkou Port Bingang Company, with a total investment of 5.649 billion yuan.

The newly started projects include berths # 315- # 317 in the West Port Area of Yantai Port, 150000 ton oil berths in the West Port Area, upgrading and renovation of liquid chemical berths # 107 in the West Port Area, Phase II supporting tank area project of the crude oil terminal in the West Port Area, general cargo berths in the East Operating Area of Longkou Port Area, North Daquan Industrial Park in Longkou Port Area, passenger transportation # 3 breakwater project in Penglai Port Area, new passenger transportation area project in Penglai East Port Area, and LPG receiving station project in Laizhou Port There are 20 projects, including Yantai Port Plaza and Shandong Port Equipment Group Port Equipment Industrial Park, with a total investment of approximately 50.6 billion yuan.

In addition to the start of project production, in order to assist the development of Yantai's port and shipping financial industry and accelerate the transformation and upgrading of the port, Shandong Gangxin Futures Co., Ltd. Yantai Company has been officially unveiled and established. The commencement of these projects and the establishment of new companies are of great significance for promoting the construction of world-class port clusters in Shandong and the construction of Yantai as a national logistics hub city. They will further promote the demonstration development of the integration of the port area, park, and urban area. Editor/Zhao E