Jotun is a leader in the Chinese market for marine coatings
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Jotun, a Norwegian company with a history of decades in the Chinese market, has continued to lead the Chinese marine coatings market for many years. 
The solution also provides high standard technical services, hull performance measurement methods in accordance with international standard ISO19030, high performance guarantees, and monitoring data on the energy consumption of paint products throughout the life cycle after the ship is officially operational. SeaQuantum series antifouling paint can effectively prevent the attachment of marine organisms to the hull and reduce frictional resistance; the hull performance measurement method can measure the hull performance; the guarantee clarifies the relevant responsibilities, and these factors can provide a higher return rate for customers. Reduce the impact on the environment.
HPS Hull Performance Solutions help customers significantly reduce energy consumption. According to the reporter's understanding, the 10042TEU container ship "COSCO Europe" built in 2008 uses the Jotun HPS hull performance solution. After four years of navigation, its energy efficiency, cost control and environmental benefits have reached new heights. Compared with the market average, COSCO Europe has reduced its fuel cost by 4.5 million US dollars and carbon dioxide emissions by 29,500 tons, and its hull performance is still at the market leading level. 
In recent years, green shipping and green shipping have become a hot spot in the global shipbuilding and shipping industry. Morten Sten Johansen said that as the world's leading manufacturer and supplier of anti-corrosion coatings, Jotun's new product development, in addition to energy conservation and emission reduction, while taking into account environmental protection, also consider how to reduce volatilization during product development. Organic organic compounds (VOC) emissions make products more environmentally friendly.
Under the national policy requirements, the major shipyards reached a consensus goal, actively responded to the emission reduction plan, and started the VOC emission reduction work from all links, with remarkable results. In this regard, Jotun continues to conduct new technology research and development and new product testing, and some new products are also available, including peelable coatings, which are used as temporary protection for coating surfaces, which can reduce mechanical damage during assembly and transportation. Improve coating quality, reduce coating repair, reduce the amount of uniform spray required to ensure aesthetics before delivery, reduce paint consumption overall, thereby reducing VOC emissions; and water-based paint, used in ship cabins and crew accommodation, Compared to solvent-based paints, VOC emissions are significantly reduced.
In addition, Jotun Coatings also has a leading position in the field of marine engineering structural corrosion protection. This year, Jotun cooperated with Yantai CIMC Raffles as the world's largest ultra-deepwater double-drilling tower semi-submersible drilling rig "Blue Whale 1" with the deepest drilling depth and deep drilling depth and the first floating type completely built by China. The production and offloading platform (FPSO) EPC project "WESTERN ISLES" provides high-end anti-corrosion and anti-fouling solutions.
In addition, Jotun cooperated with Qingdao Wuchuan Heavy Industry Co., Ltd. to provide the world's first fully automatic deep-sea semi-submersible “smart fishery†with Jotun's super-strong polyester glass scale Baltoflake coating system, providing 25 years of splash zone corrosion protection. The successful completion of these projects further demonstrates Jotun's leadership in the field of marine engineering structural corrosion protection.
As a leading company in marine coatings, the marine coatings business of Jotun's global business accounted for 27%, of which the marine coatings business in the Chinese market accounted for about 35% of the global marine coatings business.
Since Jotun’s cooperation with COSCO Shipping in 2005, sales of marine coatings in Jordan have increased by 5-6 times. Among them, the joint venture with COSCO Shipping brought a lot of business to Jotun. In 2013, Jotun established an advanced marine coatings factory in Qingdao, which maintains its leading position in the industry. Its product line offers a full range of services from raw material selection, coating production and post-maintenance.
Jordan continued to play a bridge role in promoting economic exchanges between the two countries and made positive contributions to Sino-Norwegian bilateral relations. Morten Sten Johansen expressed that the Chinese market is a very important market for Jotun, the company in the field of marine coatings market leading position in China, the market share of first place, especially the new shipbuilding market to reach 50% market share. In addition, Jotun’s business in ship maintenance is growing very rapidly. Jotun's coatings used in the ship repair business also took an upward trend, providing new shipbuilding and docking business services to well-known shipping companies such as China Merchants Steamship.
After the normalization of Sino-Norwegian relations in 2016, shipyards and shipowners in China and Norway can conduct better cooperation and exchanges. At present, many Norwegian shipowners have reached cooperation with Chinese shipyards. The two sides can carry out technical exchanges. The Chinese shipyards will introduce more advanced technologies from Norway and play a positive role in promoting the Chinese market.
At the same time, Jotun's offshore industry has been developing in China for more than 15 years, and has achieved a high industry status with its reliability, high performance and economy. Jotun provides professional solutions for the industry's first ultra-deepwater semi-submersible drilling platform "Offshore Oil 981", CNOOC and other customers' series FPSO, as well as China's first Arctic deepwater semi-submersible drilling platform "Viking Dragon". Anti-corrosion and anti-fouling solutions, and established long-term cooperative relations with CIMC, COSCO, and CSIC.
In terms of offshore engineering, with the continuous improvement of product performance, continuous industry experience and the service of professional technical service team, Jotun will better serve the Chinese and global offshore engineering customers, promote the innovation and development of the industry, and help the country. The smooth implementation of the strategy of 'Ocean Powers' in the 3rd Five-Year Plan.
Morten Sten Johansen said that in addition to the exchange of shipbuilding business, the normalization of Sino-Norwegian relations has also promoted the in-depth exchange of capital markets. The current shipbuilding market is temporarily sluggish, so many banks or investors will have more stringent risk assessments, which will make new shipbuilding financing difficult. With the normalization of bilateral relations, the Chinese banking industry can invest in Norwegian projects, and Norwegian good investment can also be placed in China. As a member of the Norwegian Chamber of Commerce in China, Morten Sten Johansen is very happy to see this benign trade development.
For Jotun, the first thing to do is to understand the market, understand the development trend of the market, and maintain a very close cooperative relationship with customers. Secondly, we continue to invest in research and development, and are committed to providing our customers with better hull solutions and becoming a reliable long-term partner for our customers. Morten Sten Johansen said that Jordan has been in the world for 90 years and believes that it will go even better in the next 90 years.
