Yantai Raffles

Yantai Raffles Shipyard Limited is a leading offshore and marine fabrication specialist. The Group is committed to deliver superior long-term returns to shareholders, create value for customers through the delivery of integrated quality solutions and develop a rewarding work environment for all its employees.

Mr Brian Chang, Chairman of Yantai Raffles, entered China in 1991 with a vision of building the best shipyard in the world. In 1994, he founded Yantai Raffles which is located in Yantai, Shandong Province, China. Situated at the junction of Bo Hai Bay and the Yellow Sea, the shipyard is in close proximity to Korea and Japan, an area that accounts for 80% of the global shipbuilding capacity. Along with its unique geographical advantage, Yantai Raffles employs different skill sets from worldwide and is the only shipyard in China to be majority foreign-owned.

Admitted to the Oslo OTC System in May 2006, Singapore headquartered Yantai Raffles Shipyard (”YRS”) specializes in the construction of various marine and offshore projects that include jack-up drilling rigs, semi-submersible drilling rigs, FPSOs, pipe lay vessels, platform supply vessels, other prototype vessels and luxury yachts. The 72-hectare shipyard boasts state-of-the-art building facilities, including a large gantry crane with lifting capacity of 20,000 metric tons and employs the latest technologies to achieve operational efficiencies and lower costs. With its core mission of attaining excellent quality, competitive pricing and client satisfaction, YRS remains committed to be The Yard Of Choice.1

Yantai Raffles Shipyard Limited is the largest builder of semi-submersible drilling rigs in the PRC, and accounts for approximately 30% of the world’s current order book.*
Located in Yantai, Shandong Province, our yard of 912,000 square metres (including sea area), is equipped with some of the largest offshore marine construction infrastructure in the world.2

SUMMARY

Revenue (2007) SGD$323.4 million
Website http://www.yantai-raffles.com
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