Jiangsu, China's local government announced that it would strongly support Jiangsu's offshore facilities industry, based on its development plan for strategic emerging industry, under Jiangsu 'The 12th five-year development plan.'
The development plan appointed offshore facilities industry as a strategic emerging industry during the 12th five-year development plan, from 2011 to 2015.
Therefore, Jiangsu would speed up development of new offshore facilities, such as LNG-FPSO, SPAR, FDPSO, etc.
Also, it plans to put spurs to its focusing offshore facilities, research vessel, pipe-layer, offshore platform, offshore support vessel, etc., for instance.
Besides, Jiangsu would upscale onshore/offshore wind power generation and expand further into tidal power.
The local government is to actively support particularly Nantong, which takes about one third of overall Chinese offshore facilities market and secures the highest-quality technical skills in China even in subsea sector.
Meanwhile, shipbuilders in Nantong won a total of 20-some offshore-related vessels, valued at about $2bn, during January-November, 2011.