Eltronic FuelTech and CSTC Shanghai form a strategic partnership by signing a Memorandum of Understanding agreement (MoU)
Eltronic FuelTech and China Shipbuilding Trading (Shanghai) Co., Ltd. (CSTC Shanghai) a prominent player in the Chinese maritime industry, have formalized their strong collaboration by signing a Memorandum of Understanding (MoU). The mutual agreement is a testament to the solid partnership between the two companies and signals a united commitment to advancing sustainable maritime technologies.
The signing ceremony, held in Shanghai on Tuesday 5 of March 2024, solidifies the partnership between Eltronic FuelTech and CSTC Shanghai. The event was attended by key representatives, including Mr. Chen Hai Bin, Deputy GM of CSTC(SH) and the Chairman of CSTC(SH), Mr. Mao Ying Jian. Represented from Eltronic FuelTech was Global Sales Director, Nicolai Weise, and Regional Sales Director, Peter Xu.
Global Sales Director, Nicolai Weise, and Deputy GM of CSTC(SH), Mr. Chen Hai Bin signed the historic agreement, and about the future collaboration, Nicolai states:
“This MoU-agreement is more than just a formal document; it is proof of the robust relationship between Eltronic FuelTech and CSTC Shanghai. Our shared vision for a sustainable maritime future has brought us together, and this agreement is a testament to the trust and collaboration that defines our business partnership.”
CSTC Shanghai to propel Eltronic FuelTech’s sustainable maritime solutions
Under the terms of the MoU agreement, CSTC Shanghai will play a pivotal role in promoting Eltronic FuelTech’s main units of high- and low-pressure equipment for dual fuel engines such as the Gas Valve Train, the Fuel Valve Train, and Low-flashpoint Fuel Supply System for methanol fuel operations.
The highlight of this collaboration lies in targeted promotion within state-owned shipyards, with a specific focus on fostering awareness and adoption within the CSSC group. This strategic initiative is geared towards optimizing the influence of sustainable maritime solutions, thereby actively contributing to the industry’s transition towards greener practices.
Eltronic FuelTech and CSTC Shanghai look forward to a future of continued collaboration, innovation, and shared success as they jointly pave the way for a more sustainable and environmentally conscious maritime industry.
“We are thrilled to have CSTC Shanghai as a key partner in promoting our innovative products to state-owned shipyards. Their expertise and market reach aligns perfectly with our goals, and we are confident that this collaboration will significantly drive the adoption of our technologies in the maritime sector in China.”, concludes Nicolai Weise.
About CSTC Shanghai
China Shipbuilding Trading (Shanghai) Co., Ltd. (CSTC Shanghai) is a state-owned enterprise in China involved in international trade and cooperation in the shipbuilding industry. CSTC Shanghai operates under the China State Shipbuilding Corporation (CSSC), one of the largest shipbuilding conglomerates in the world.
China Shipbuilding Trading (Shanghai) Co., Ltd. primarily engages in the export and import of various products related to shipbuilding and maritime engineering. This includes ships, marine equipment, and other related technologies. The company plays a significant role in facilitating international trade and collaboration within the shipbuilding and maritime sectors.