On September 20th, Ocean Aquafarms signed a 4-party agreement with China International Marine Containers (CIMC), China Minsheng Bank and China National Fisheries Corp. to develop, finance and construct Hex Box. The 4-party agreement enables a business model that incorporates 3 elements. These are an experienced fabrication partner, a financing solution from a mixture of Chinese and Norwegian banks and one of the world’s largest distribution companies to handle the export of fish. Through the 4-party agreement, Ocean Aquafarms will mass produce cost effective solutions by industrializing the process for Norway, China and other countries worldwide.
The signing ceremony was held in the city hall of Stavanger, witnessed by senior members of Stavanger Council John Peter Hernes and Dag Mossige.