Qingdao Port International Co.,Ltd. has recently signed a strategic cooperation agreement with Huaguang Natural Power Holdings Limited to jointly develop new business models for electric vessels, promote the construction of green shipping corridors, and develop shore power networks.

Under the agreement, both parties will collaborate to establish a global shore power service network, providing integrated, one-stop, and environmentally friendly shore power supply solutions for international shipping customers. This initiative aims to reduce carbon emissions in the shipping industry and support the sector's broader energy transition.

Qingdao Port will work closely with Huaguang Natural Power on Hong Kong shore power development and talent exchange. Qingdao Port will share its experience and resources in shore power development to support Huaguang Natural Power in launching and implementing shore power infrastructure projects in Hong Kong. The cooperation scope covers project planning, technical solutions, investment and financing models, construction and commissioning, operational models, as well as training and personnel exchange.

Additionally, Huaguang Natural Power will leverage its international network and partnerships to support Qingdao Port in establishing cooperation with major ports and shipping stakeholders in Europe, North America, and other strategic regions. Both parties will commit to promoting joint initiatives for carbon reduction and emission mitigation, creating interconnected green shipping corridors to further enhance Qingdao Port's international influence and brand reputation.

Zhang Baohua, General Manager of Qingdao Port International, stated: "This signing represents a powerful measure for both parties to deepen mutual trust and strengthen cooperation. It will further expand the breadth and depth of our green energy cooperation, jointly promoting green port construction and shipping emission reduction processes, and supporting the development of Qingdao as an international shipping center."

Ni Chuchen, General Manager of Huaguang Natural Power, commented: "We are honored to collaborate with Qingdao Port in promoting global supply chain decarbonization. Through integrating both parties' advantageous resources, we strive to create a green shipping ecosystem and provide the industry with solutions for achieving sustainable development."