Yantai CIMC Raffles Offshore Limited (“CIMC Raffles”), formerly known as Yantai Shipyard, is a 100% subsidiary company of CIMC Group. Currently, CIMC Raffles has 5 Offshore and Marine Engineering centers located in Yantai, Shenzhen, Shanghai, Norway and Sweden and 3 construction bases located in Yantai, Haiyang and Longkou. Main business of CIMC Raffles includes design, construction, repair & conversion, operation and leasing of drilling rigs, production units, offshore supply vessels, ocean farming facilities, offshore wind vessels, high-end ferries and yachts, and facilities for aquatic entertainment etc., aiming to provide turn-key solution to the clients.
CIMC Raffles insists on innovation since the start. It takes about 10 years to develop the design of key products and increase the rate of localization from 10% to 60%. Till now, CIMC Raffles has delivered more than 100 offshore and marine equipment, including 11 deepwater semi-submersible drilling rigs, which accounts for 80% of units delivered by China and 25% of market share around the world.. Bluewhale series, the world’s most advanced submersible drilling rig, completed China’s first and second hydrate extraction campaign successfully.
CIMC Raffles is always dedicated to providing innovative equipment and solutions to the sustainable development of offshore and marine resources through technology innovation and lean management.