Rizhao Port Jurong Signs Supplemental Agreement with Rizhao Port Group

Reuters
Nov 06, 2025
<a href="https://laohu8.com/S/600017">Rizhao Port</a> Jurong Signs Supplemental Agreement with Rizhao Port Group

Rizhao Port Jurong Co., Ltd. announced an update regarding its property lease arrangements with Rizhao Port Group. The company has entered into a supplemental agreement under the 2025 - 2027 Property Lease (Sale) Framework Agreement, responding to increased demand for temporary berthing services by Rizhao Port Group. The agreement takes into account transaction amounts incurred for the ten months ended 31 October 2025, existing lease contracts, historical rent data, and anticipated additional lease contracts based on estimated utilisation rates and expected demand. Rizhao Port Jurong Co., Ltd. is principally engaged in comprehensive port-related services, while Rizhao Port Group operates as a direct wholly-owned subsidiary of Shandong Port Group.

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