March 29, 2017 4:52 AM ET

Transportation Infrastructure

Company Overview of Yingkou Port Group Co., Ltd

Company Overview

Yingkou Port Group Co., Ltd operates a shipping port in the northeast of China. It provides bulk cargo loading, pipeline transportation, and railway and highway transportation services. The company loads and unloads metal mineral; nonmetal mineral; grain; sugar; coal; steel product; timber; oil tar; and roll loading automobile goods. It operates tugboats, lighters, pilot boats, communication ships, and docks. Yingkou Port Group Co., Ltd has a strategic partnership with OJSC Russian Railways. The company was founded in 2003 and is based in Yingkou, China.

No. 1 Yinggang Road

Bayuquan District

Yingkou,  115007

China

Founded in 2003

7,705 Employees

Phone:

86 41 7626 9335

Fax:

86 41 7615 1523

Key Executives for Yingkou Port Group Co., Ltd

Yingkou Port Group Co., Ltd does not have any Key Executives recorded.

Yingkou Port Group Co., Ltd Key Developments

Russian Railways and China Yingkou Port Group Corporation Agree on Joint Development of Bely Rast Logistics Centre

The Russian Railways and Yingkou Port Group Corporation signed a cooperation agreement in St. Petersburg on November 7, 2016. The document was signed during a meeting between the heads of government of the Russian Federation and the People's republic of China. The agreement was included in the development of a Memorandum of Understanding dated 3 September 2015. The two sides regard each other as strategic partners and have expressed an interest in establishing a basis for cooperation on the joint development and management of logistics centres and international multimodal transportation. Under the agreement, the parties will contribute to the active implementation of the project to create an international terminal and logistics centre (TLC) on the basis of TLC Bely Rast LLC. To achieve this, it is envisaged that China Yingkou Port Group Corporation will acquire 49% of the share capital of TLC Bely Rast LLC on the basis of an open competition. The agreement is a further step towards the creation of an efficient international transport and logistics corridor, an increase in freight flows between China and Russia and the rest of Europe, a rise in productivity and greater efficiency at the companies engaged in international transport and logistics projects, as well as cross-border e-commerce to create new business opportunities and the joint development and exploitation of the market potential in Europe and Asia.

OJSC Russian Railways and Yingkou Port Group Corporation Sign Memorandum of Cooperation

Russian Railways and Yingkou Port Group Corporation signed a memorandum of cooperation. Russian Railways and the Yingkou Port Group regard each other as strategic partners and expressed an interest in forming a framework to cooperate on the joint development and management of logistics centres and international multimodal transport. The main areas of cooperation in the framework of the memorandum will be to: create a Russian-Chinese logistics centre in the Moscow region; set up a joint operating platform; establish a Chinese-Russian logistics park at the port of Yingkou. It is expected that consultations will be held on establishing a joint venture with or a buyout by Yingkou Port of the 49% stake in the Bely Rast Trade and Logistics Centre with the aim of its further joint development and providing consolidation, storage, distribution and customs clearance services. It is also expected that a joint operating platform will be set up on the basis of a joint venture in order to provide cross-border freight clearing, transshipment at the port and multimodal container transportation. The possibility of creating a Chinese-Russian logistics park at Yingkou port will be considered, taking into account the port's extensive opportunities to organise combined container freight transportation. According to the memorandum, the two signatories will contribute to the park's development by transferring part of the freight from sea to rail and transport it, with access to the network of Russian Railways across the Zabaikalsk - Manchuria railway crossing point. Shipments will also go in the opposite direction, however, including transit via the port of Vostochny to Yingkou port.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 8, 2016
Open Joint Stock Company Russian Railways, Beliy Rast Project
 

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