Rizhao Port Jurong Signs Supplemental Agreement with Rizhao Port Group
Rizhao Port Jurong Co., Ltd. has signed a supplemental agreement with Rizhao Port Group regarding property lease arrangements under the 2025-2027 framework. This agreement addresses the increased demand for temporary berthing services and considers transaction amounts for the ten months ending October 31, 2025, existing lease contracts, historical rent data, and anticipated additional leases based on expected demand. Rizhao Port Jurong specializes in port-related services, while Rizhao Port Group is a subsidiary of Shandong 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rizhao Port Jurong Co. Ltd. published the original content used to generate this news brief on November 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
