CIMC Raffles pins hopes on offshore
By Zhong Nan In Shanghai And Wangqian In Yantai, Shandong | China Daily | Updated: 2015-12-21 07:52
Firm thinks focus on maritime engineering vessels and equipment is key to Chinese shipyards' turnaround
With the global shipbuilding industry adrift in choppy waters amid waning demand, Yantai-based CIMC Raffles Offshore Ltd is looking to not only stay afloat but maintain robust growth by exporting more offshore oil rigs and engineering vessels.
CIMC Raffles is an equipment manufacturing subsidiary of China International Marine Containers (Group) Ltd, the country's transportation equipment producer.
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