1. 1
  2. 2

Zhoushan unveils measures to bolster marine service industry

Updated : 2022-11-28 (chinadaily.com.cn)

Authorities in Zhoushan, East China's Zhejiang province released a guideline to promote the high-quality development of its marine service industry on Nov 7.

According to the guideline, authorities will roll out seven supportive measures and invest 300 million yuan ($41.68 million) in the marine service industry over the next five years. 

The measures, which include reducing up to 50 percent of pilotage fees for international ships crossing the Zhoushan sea areas and providing awards of up to 600,000 yuan to crew and ship management enterprises, are designed to channel more resources such as talents, funds and favorable policies towards the marine service industry. 

The measures will be applied to six fields such as bunkering of bonded vessels, ship material supply, ship repair and maintenance, crew and ship management, vessel transactions, and ship financial leasing. 

The measures will take effect on Jan 1, 2023, according to authorities. 

As of the end of 2021, the combined output value of the city's marine industry was 45.09 billion yuan, with an added value of 12.44 billion yuan, accounting for 7.3 percent of the city's GDP.