On 7 June 2016 Tsavliris Salvage took part in the Zhoushan Maritime Event, hosted by the Zhoushan Municipal People's Government, China.

During the event at the Athens Divani Caravel Hotel, a Memorandum of Understanding was signed between Tsavliris Salvage and Zhoushan Port Free Trade Zone Administrative Committee regarding the creation of a salvage network in Chinese waters. Mr Andreas Tsavliris verified the agreement which was signed by Mr Nicolas Tsavliris.  On behalf of Tsavliris Salvage, Mr George Tsavliris said: "The relationship and cooperation between China and Greece is an extremely important one which continues to grow from strength to strength".

The miraculous rise of the Zhejiang Zhoushan Archipelago New Area is focused on shipping and attracts a growing number of maritime industries to settle in Zhoushan.

In the event of a casualty in Chinese waters, Tsavliris Salvage will be able to provide its clients assistance whether it be in an operational, advisory or technical capacity, to ensure that the level of service they receive is nothing short of first class. At the same time, the participation of Tsavliris Salvage will offer  strong support to the establishment of Zhoushan International Marine Services Base, which is of great significance in promoting the development of the Yangtze River Economic Belt.

Moreover, Tsavliris are also seeking to establish, through the exclusive joint venture with its Chinese partners Kamji Marine, an international marine services online platform that will provide one-stop services for ships and shipowners around the world.

On the same day, six more Greek companies signed Joint Venture Contracts with Chinese enterprises:

-Hellenic Marine Equipment Manufacturing and Export Organisation (HEMEXPO) and Zhoushan Commerce Bureau

-Epirotiki-Potamianos (One Day Cruise Project in Zhoushan Archipelago) and Investment Promotion Bureau

-Palfinger AG and Zhoushan IMC-YY Shipyard

-MIRAE Industry Manufacture Co.Ltd and Yangfan Group

-HMSA and Yangfan Group

-SRH Marine Electonics SA and Zhoushan Jason Trade