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Analysts said that the current coastal coal market was in bullish expectation, and the spot price of Bohai-Rim Steam-Coal jumped sharply, resulting in a simultaneous rise in the comprehensive price. Under the dual effects of the overhaul of Datong-Qinhuangdao Railway and the rising price of coal producing areas, the accumulated stock of the port was less than expected.

And then there is the China-US trade dispute, which has had an adverse impact on private companies. Within this environment it would seem to be very difficult to make much of a contribution.

An oil refinery in New Orleans, US. [Photo provided to China Daily]

Analysts from China Fortune Securities wrote in a note that Qingdao Port has built up a modern comprehensive logistics business model over the past few years, by combining cargo handling and integrated logistics management. By forming joint ventures with logistics industry leaders, it has enhanced capacity to provide services throughout the whole supply chain.

And the pavilions joined hands with China's e-commerce giants, such as Suning and JD.com, he added.