SINGAPORE, 19 June 2019 – Rizhao Port Jurong Co., Ltd. (“Rizhao Port Jurong” or the “Company”, stock code: 6117), China’s largest port for grain and woodchip imports, was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) today.
Jurong Port Pte Ltd entered into its joint venture with Rizhao Port Group Co., Ltd on 17 March 2011 and Rizhao Port Jurong commenced operations in April the same year. Serving China’s inland market which extends as far as Xinjiang and the mid and lower reaches of the Yangtze River, Rizhao Port Jurong’s bulk capabilities are in bulk grain, woodchips, tapioca and edible oil handling and, based on 2018 throughput, it is a market leader in the cargo segments it serves:
- No. 1 in soybean imports in China
- No. 1 in woodchips import in China
- No. 2 in dried tapioca import in China
Rizhao Port Jurong’s loading and transport efficiencies, large berthing capacity of 8 berths, robust storage capacity totalling 1.7 million tonnes and superior discharging capacity are key capabilities that are supported by favourable natural conditions and a well-connected transportation network.
The listing of Rizhao Port Jurong today marked an important milestone for the Company and will provide funds for the long-term development of Rizhao Port Jurong as it strives to become the world’s leading hub for grains and woodchips.
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