Industrial scale
        In 2017, the gross ocean production across the province reached 1.48 trillion yuan, an increase of 8%, ranking second in China. The added value of marine fishery, marine salt industry, marine engineering construction industry, and marine power industry ranked first in China. The industrial scale of marine oil, marine biological medicine, marine engineering equipment and marine chemical industry were in the front rank in China. 
Enterprise development
        The alliance of six major industries, such as marine organism, marine equipment, marine chemical industry and marine power equipment, has gathered more than 200 marine superior enterprises and more than 1,000 upstream and downstream supporting enterprises. Qingdao Bright Moon Seaweed Group has developed itself into the world’s largest producer of seaweed biological products with its output of sodium alginate maintaining first in the world. It has a number of flagship enterprises specialized in special ships and offshore drilling platforms. Yantai CIMC Raffles Offshore Ltd. is the main base for ocean engineering equipment of National Energy Administration and Ministry of Industry and Information Technology of the People’s Republic of China, and its deliveries of deepwater semi-submersible drilling platform account for 3/4 of the national total.
Investment opportunities
        With smart ocean as a guide, and adhering to overall planning of land and ocean, the province will create a marine economic demonstration zone, build a high-level “maritime granary” and a national-level marine pasture demonstration zone, spend up the development of deep and far seas, pelagic and polar fisheries, implement the “transparent ocean” project and accelerate the pace of exploration and trial mining of mineral resources in the oceans, expand marine organism, marine high-end equipment and other industries, support Qingdao and Yantai to create marine biological medicine industry clusters; make innovation in the development of marine information, sea-related businesses and other marine services; promote the large-scale application of sea water desalination, make construction of an important national seawater utilization base; and make development of a new generation of deep sea and far sea and polar technical equipment and systems.