Phosphorus (P) in surface sediments of the Laizhou Bay (LB) and the coastal waters around the Zhangzi Island (ZI) was analyzed. Six forms of P were separated - exchangeable or loosely sorbed P (Ads-P), aluminum-bound P (Al-P), iron-bound P (Fe-P), authigenic apatite plus CaCO3-bound P plus biogenic apatite (Ca-P), detrital apatite plus other inorganic P (De-P) and organic P (OP). The average contents of P in the LB were in the order: De-P>OP>Ca-P>Fe-P>Ads-P>Al-P; in the ZI, the corresponding order was De-P>OP>Fe-P>Ca-P>Ads-P>Al-P. Due to the high nutrient loadings from the surrounding rivers, TP contents in sediments of the LB were higher than in those of the ZI. The potential bio-available P (Ads-P and OP) accounted for 14.7% and 24.2% of TP in sediments of the LB and the ZI, respectively.