In May of 2000, QQCT was jointly operated by Qingdao Port Authority and P&O Ports.
In 2003, the Qingdao Port Authority was restructured to be Qingdao Port Group Co., Ltd.. when it formed a joint venture with P&O Ports, APM Terminals, and COSCO Group to establish QQCT.
With a total investment of US$ 887 million, it was the largest infrastructure joint-capital project in Shandong Province to date.
In 2006, DP World acquired P&O Ports. In 2016, COSCO and China Shipping established COSCO Shipping. In May of 2017, COSCO Shipping transferred its shares to the Qingdao Port Group. Today, investors in QQCT include Qingdao Port Group, DP World and APM Terminals.