Wah Kwong NatPower Holdings and Shandong Port Group Sign Landmark MOU to Accelerate Shore Power and Ship Electrification
(London, 15th September 2025) – Wah Kwong NatPower Holdings Limited (“WK NatPower”) and Shandong Port Group (SPG), the world’s largest and most advanced port group, have signed a strategic Memorandum of Understanding (MOU) to develop large-scale shore power and ship charging projects.
The agreement begins with Qingdao Port International Co., Ltd., one of the world’s most automated terminals, and will explore new business models for electric vessels, establish technology and knowledge exchange, and lay the foundations for global green shipping corridors linking China and Europe.
A central objective of the MOU is to drive the electrification of ships, not only through the expansion of cold ironing to improve efficiency, but also by pioneering new applications for propulsion charging that will reduce reliance on fossil fuels at berth and at sea. Equally important is the commitment to share technology and experience, ensuring that the expertise developed at Shandong’s world-class ports and through WK NatPower’s global clean infrastructure projects can be exchanged to accelerate scalable and commercially viable solutions.
Under the agreement, WK NatPower and Shandong Port Group will collaborate in leveraging Shandong Port Group experience in shore power supply and support the further expansion of NatPower’s global shore power services network, connecting SPG’s ports in the global Green Corridors, delivering integrated, one-stop solutions for international shipping clients. This initiative will play a pivotal role in reducing carbon emissions across the maritime industry and accelerating the energy transition. The partnership will also prioritise the export and wider application of these solutions, starting with joint projects in Hong Kong and Mainland China and extending into Europe. Together, these efforts will enable the creation of interconnected green shipping corridors, transforming major trade routes into low-emission supply chains.
The partnership will accelerate the establishment and expansion of a global shore power services network, integrated, one-stop charging solutions for international shipping lines, reducing carbon emissions at scale and accelerating the energy transition across key global hubs.
Signing of MOU
Vincent Ni, General Manager of WK NatPower said :
“The strategic alliance with Qingdao Port is a major step in decarbonising global supply chains. By integrating our expertise and networks, we are building an ecosystem for green shipping and providing the industry with solutions towards net zero.”
Stefano D.M. Sommadossi CEO, NatPower Marine UK and Joint Director, Wah Kwong NatPower Holding said :
“This partnership with Shandong Port Group marks a pivotal moment in the journey to decarbonise global shipping. By combining NatPower’s international expertise with SPG’s leadership and scale, we are not only advancing shore power and electric propulsion in China but also setting the foundations for global green corridors that connect Asia and Europe. Together, we are turning ambition into action and creating the infrastructure that will power the next era of sustainable shipping.”
Zhang Baohua, General Manager of Qingdao Port International Co., Ltd. said :
“This agreement strengthens our partnership and allows us to expand our cooperation in green energy. It is our shared vision to develop green port infrastructure and reduce emissions in shipping, which is central to establishing Qingdao as a leading international shipping centre.”
This collaboration marks a milestone in maritime decarbonisation, connecting the world’s most advanced port infrastructure with global-scale clean energy solutions. Together, WK NatPower and SPG are committed to powering the future of sustainable shipping.
About WK NatPower
WK NatPower aims to leverage Wah Kwong’s maritime experience and NatPower’s renewable energy expertise to invest in, develop, and operate a comprehensive maritime electrification infrastructure network across Asia. The Company aims to supply clean power for ships at berth for cold ironing and for propulsion, driving the maritime industry towards a sustainable future.
About Qingdao Port International
Qingdao Port International Co., Ltd was established on 15 November 2013. It was listed on the Main Board of the Hong Kong Stock Exchange on 6 June 2014 and was listed on the Main Board of the Shanghai Stock Exchange on 21 January 2019.
The Group is the primary operator of the Port of Qingdao. The Port of Qingdao commenced operations in 1892. The Group operates five port areas in Qingdao, including Qingdao Qianwan Port Area, Huangdao Oil Port Area, Dongjiakou Port Area, Dagang Port Area and Weihai Port Area. It is mainly engaged in the handling of different types of cargoes such as container, metal ore, coal and crude oil and the provision of ancillary services, logistics and port value-added services, and port ancillary services.
For media enquiries, please contact:
For further information and to arrange interviews, please contact:
Sue Terpilowski
sue@imageline.co.uk or
Vy Le
pr@imageline.co.uk
+44 207 689 9009
NatPower Marine Marketing Team
connect@natpowermarine.com
+44 (0)20 4568 1657
