INNOVATION OPENS NEW DOORS FOR COUNTRY'S EXPORTS

Cutting-edge technologies, sustainable solutions move to forefront over conventional goods

Early last month, work began on closing the hull of an offshore wind turbine installation vessel at a shipyard owned by a company in Yantai, Shandong province.

Yantai CIMC Raffles Ocean Technology Group has seen a notable increase in orders for this type of vessel since last year, with six of them currently under construction, accounting for one-third of its total orders.

Wei Chuntao, director of the company's supply chain management center, said: "These vessels, which can each lift 3,000 metric tons, are being built for a Dutch shipowner. They are high-end ships and cost much more than bulk ships and small and medium-sized container vessels."