Stavanger company made billion NOK agreement in China

The Stavanger based Company, Ocean Aquafarms AS, has signed a letter of intent with Chinese shipyard CIMC Raffles which is worth 2,1 billion kroner (250 million USD). The cooperation between Norway and China paves the way to start the construction of Hex Box, a newly developed Norwegian fish farm concept.

The letter of intent was signed by Heidi Baugstø, Chairman of Ocean Aquafarms, and Wang Jianzhong, CEO of CIMC Raffles Offshore Limited. in Beijing this morning. This was part of the ceremony where 14 leading Norwegian companies signed agreements with their Chinese partners. Norwegian Prime Minister Erna Solberg, together with the rest of the Norwegian delegation who are visiting China this week was present.

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