China Shipbuilding Industry Corporation (CSIC) is said to have signed a cooperative contract in offshore facility sector with Qingdao city in China.

Qian Jianping, Executive Vice President of CSIC, signed a “memorandum of cooperation on development of offshore facility industry between CSIC and Qingdao city” with Qingdao Vice Mayor Wang Xiulin at a seminar of CSIC-Qingdao Offshore Facility Research Institute, held in Qingdao Economic and Technological Development Zone during October 28-29.

According to the cooperative agreement, both will equip offshore facility system which is independent and innovative in line with practical demands, such as construction of blue economic region in the Shantung, restructuring/upgrade of national ship and offshore facility industry and so on, based on CSIC’s research and development (R&D) with industrial strength together with Qingdao’s merits in location, resources and offshore R&D. In addition, CSIC’s offshore facility R&D and industrial complex construction will be proceeded with -Qingdao Offshore Facility Research Institute.

Mr. Qian said that CSIC had been able to rapidly grow in Qingdao thanks to the government’s support for a long time. And he added that the city is offering new opportunities to the company and CSIC is planning to put its efforts in construction of the institute and turning it into China’s No.1 ocean science research and production complex, backed by the support.

Vice Mayor Wang said that he appreciated CSIC’s contribution to Qingdao‘s economic development on behalf of the city and the government also would be dedicated to supporting the construction of Qingdao Offshore Facility Research Institute.