Qingdao Port: Shipments unaffected by investigation

Operator quoted as saying probe may uncover irregularities of some traders

Qingdao Port International Co said on Wednesday that shipments from the port would not be disrupted due to an ongoing investigation on financing irregularities, according to the National Business News.

The operator of the world's seventh-biggest port in terms of output said it was investigating instances of financial irregularity involving some traders and related to the reuse of collaterals. "Financing frauds may exist, and this is an issue involving traders. The matter is currently under investigation," the Shanghai-based newspaper said quoting an anonymous source with the operator.