The port customs clearance center [Xinhua]

Dongjiakou Port, part of the Qingdao Port in Shandong Province, plans to build its forth generation port and will provide three major trading channels for ore, oil and coal.

"The forth generation of the Dongjiakou Port will be a long-term goal of the area," said Guan Xinbo, deputy director of the Qingdao Port and Shipping Administration Bureau.

Dongjiakou is expected to attract suppliers from both home and abroad, with favorable policies for storage, distribution and trade in bulk cargo.

To date, 19 projects have settled in the area, with a total investment of about $1.59 billion.

A Baltic-Dongjiakou Index for dry cargo will be launched to increase China's influence in the international market.

Dongjiakou deep-water port with year-round, ice-free shipping routes and an average water depth of 15 meters off the coast, aims to become a shipping and storage center of bulk cargo and energy.

Its development is expected to help Qingdao Port rank high in the global market in terms of ore, crude oil and containers.