New port will host sea-based space launches

Project will benefit industries such as logistics, materials and manufacturing

The State-owned space conglomerate China Aerospace Science and Technology Corp is working with the eastern coastal province of Shandong to start construction of a port for sea-based space launches before the end of this year.

The Beijing-based space giant said on Tuesday that during a recent visit by Ling Wen, deputy governor of Shandong, to the company's headquarters, a strategic cooperation framework agreement was signed by the China Academy of Launch Vehicle Technology, city government of Yantai, and Shenzhen-headquartered China International Marine Containers Group to jointly build an eastern coastal space port in Haiyang, a city administered by Yantai.