Grand China Shipping (Yantai) Co Ltd, co-invested by Grand China Logistics Group, which is owned by HNA Group, and Shandong Longkou Port Group was established in Yantai on June 8.

The establishment indicates that HNA Group has made an important step in its transportation system towards the integration of land, sea and air.

Grand China Logistics Group is an integrated logistics corporation of land, sea and air, formed by the HNA Group in March this year. It owns several companies, involving sea transportation, air cargo, logistics, port and vessel management.

With total assets over 90 billion yuan and the annual income about 30 billion yuan, HNA Group has made the air tourist industry, the modern logistics and the modern financial services industry as the three main pillar industries for their future development.