Zhongtian Technology enters offshore engineering market

Zhongtian Technology enters offshore engineering market

Zhongtian Technology, a Chinese manufacturer of telecom and cable equipment, has signed an agreement to set up a new offshore engineering base at Yangkou Port in Jiangsu.

The company plans to invest RMB1bn ($146m) to order two cable-laying vessels, and to transform itself from a cable manufacturer to an offshore engineering contractor.

According the Zhongtian Technology, it will serve the offshore wind farm in Rudong, Jiangsu and enter the Southeast Asia and the Middle East market in the next five to ten years.

The market for offshore wind energy in China is currently gaining momentum. China plans to install offshore wind power plants with a total capacity of 30 GW by 2020.

The Jiangsu Rudong offshore wind farm, with an installed capacity of 150MW, is China’s largest offshore wind firm so far.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

Related Posts