Eltronic FuelTech and CSTC Shanghai sign Agent Agreement to strengthen strategic partnership

Eltronic FuelTech is pleased to announce that it has taken a significant step forward in its partnership with China Shipbuilding Trading (Shanghai) Co., Ltd. (CSTC Shanghai), by signing a formal Agent Agreement. This follows the Memorandum of Understanding (MoU) signed earlier this year, further cementing the collaboration between the two companies and underscoring their shared commitment to advancing sustainable maritime technologies.

The signing of the Agent Agreement marks a pivotal development in the ongoing relationship between Eltronic FuelTech and CSTC Shanghai. This formal agreement solidifies CSTC Shanghai’s role as a key partner in promoting and selling Eltronic FuelTech’s cutting-edge maritime solutions across China, particularly within state-owned shipyards and the China State Shipbuilding Corporation (CSSC) group.

Strengthening CSTC Shanghai’s role in promoting sustainable maritime solutions

With the signed Agent Agreement, CSTC Shanghai will take on a central role in driving the adoption of Eltronic FuelTech’s innovative products in the Chinese market. CSTC Shanghai is tasked with actively promoting Eltronic FuelTech’s advanced high- and low-pressure equipment for dual-fuel engines, including the Gas Valve Train, Fuel Valve Train, and the Low-flashpoint Fuel Supply System tailored for methanol fuel operations.

In addition to these promotional activities, CSTC Shanghai will spearhead targeted marketing initiatives designed to establish and nurture relationships with key shipyards across China, CSTC Shanghai aims to position these sustainable technologies at the forefront of the Chinese maritime sector.

Nicolai Weise, Global Sales Director at Eltronic FuelTech, expressed enthusiasm about the new phase in the partnership:

“The signing of this Agent Agreement with CSTC Shanghai is a testament to the strong collaboration and mutual trust that has developed between our companies. This agreement is not only a continuation but also an expansion of our joint efforts to drive the adoption of sustainable maritime technologies in China. We are confident that CSTC Shanghai’s market expertise will be instrumental in achieving our goals.”

Mr. Chen Hai Bin, Deputy General Manager of CSTC Shanghai, also shared his thoughts in a statement:

“We are proud to formalize our partnership with Eltronic FuelTech through this Agent Agreement. Our combined strengths will undoubtedly accelerate the penetration of innovative maritime solutions in the Chinese market, contributing to the broader industry’s shift towards greener practices.”

Looking forward to a strong future collaboration

Both companies are committed to continuing their collaboration and are optimistic about the future prospects of this partnership. By joining forces, they aim to make a significant impact on the Chinese maritime industry, leading the way towards more sustainable and environmentally conscious operations.

Meet us at SMM Hamburg on 3 – 6 September

Eltronic FuelTech will be attending the SMM exhibition in Hamburg next week. We invite all interested parties to visit our booth to learn more about this significant Agent Agreement with CSTC Shanghai and discuss how our innovative maritime solutions can benefit your operations. Our team looks forward to connecting with industry professionals and exploring new opportunities for collaboration.

 

About CSTC Shanghai

China Shipbuilding Trading (Shanghai) Co., Ltd. (CSTC Shanghai) is a state-owned enterprise, with China State Shipbuilding Equipment and Materials Co., Ltd. and China Shipbuilding Trading Co., Ltd. jointly sharing 100% holdings, under the China State Shipbuilding Corporation (CSSC), one of the largest shipbuilding conglomerates in the world. CSTC Shanghai is involved in the export and import of various shipbuilding and maritime engineering products, playing a critical role in international trade and cooperation within the maritime sector.