Keystone Offshore Pte. Ltd. (KEYSTONE) is pleased to announce signing of Memorandum of Understanding (MOU) with the Shandong Port Investment Holding Co. Ltd (“SDPIH”) for the strategic cooperation between two parties. The strategic cooperation will focus on the following sectors: marine assets transactions, market resources sharing, renewable energy development and financial services cooperation.

Shandong is China’s second most populous province, with approximately 101 million people. Shandong is also the third largest provincial economy in China with a GDP of 9.2 trillion RMB (approximately 1.7 trillion SGD) and GDP growth of 6% in 2023. Shandong hosts a key cluster of shipyards and ports along China's coastline, and KEYSTONE has extensive business network with these shipyards and others vessels owners based in Shandong province.

KEYSTONE is glad to be part of the selected group of Singapore companies in collaboration with SDPIH to further strengthen the mutual maritime and decarbonization development between Shandong province and Singapore. With the increased business networking and information sharing thru this MOU, KEYSTONE look forward to increased business opportunities in above mentioned four sectors, and contribute to the joint effort of maritime development and decarbonisation efforts by Shandong province and Singapore.

Shandong Port Investment Holdings Co Ltd (https://www.sd-portfh.com/#/index) is a subsidiary under Shandong Port Group Co Ltd, The company, formerly known as Qingdao Port Financial Holding Co Ltd, was founded on April 19, 2017, and renamed Shandong Port Financial Holding Co Ltd in November 2019. The company has 10 financial licenses (finance companies, commodity trading platform, financial lease, microfinance, commercial factoring, financing guarantee, asset management, fund management, insurance agency and insurance brokerage). Additionally, it has also taken charge of the operation and management of 16 major financial business models, strengthened the formation of the port and waterway industry chain, and begun to build up a comprehensive financial service system.

Keystone Offshore Pte Ltd (https://www.keystoneoffshore.com) is a Singapore-based asset management company servicing the Offshore Oil & Gas and Renewable Energy sectors. Keystone founded by group of industry experts backed by years of experience across commercial, operations, technical, and safety functions. Keystone conducts business with the highest degree of corporate governance, accountability, and ethical standards.