Company overview
CIMC Raffles traces its operating history to Yantai Shipyard, founded in 1977. Headquartered in Yantai, Shandong, it is owned 83.3% by CIMC Group and 16.7% by Yantai Guofeng Group. It operates construction bases in Yantai, Haiyang and Longkou, supported by engineering and design teams in China and Northern Europe.
Its delivery scope has expanded from hulls, modules and conversion integration to FEED, EPC and full FPSO EPCIC. The Yantai yard handles large offshore assembly, integration and commissioning; Haiyang focuses on modules, heavy structures and offshore wind; Longkou builds PCTCs, ro-ro vessels, smaller specialised vessels and jack-up units.
Core capabilities
FPSO and floating productionFLNG conversionsDrilling and production unitsOffshore renewablesPCTCs and ro-ro vesselsFEED, EPC and EPCIC
Recent representative projects
| Project / asset | Client or development | Role | Disclosed relationship and status |
|---|---|---|---|
| Greater PAJ FPSO | Azule Energy | FPSO FEED and EPCIC | Contract signed in June 2026; first topsides steel cut at Haiyang in July 2026. The 95,000 bpd unit supports a first-oil target in H1 2029. |
| FLNG Esperanza | Golar LNG | 3.5 mtpa MKII FLNG conversion EPC | Fuji LNG conversion is under way in Yantai, with yard delivery planned for Q4 2027 and Argentine service from H2 2028. |
| Fourth Golar FLNG / Grace Dahlia | Golar LNG | 3.5 mtpa MKII FLNG conversion EPC | EPC contract signed in August 2026; Grace Dahlia was selected as the donor vessel, with delivery planned by end-2029. |
| Mero 3 / FPSO Marechal Duque de Caxias | MISC / Petrobras Mero | Hull conversion, all modules, integration and commissioning | Delivered from Yantai in 2024 and started production on 30 October 2024. |
| P-80 and P-83 | Seatrium / Petrobras Búzios | Newbuild FPSO hulls and living quarters | Both hulls were delivered in 2025; Seatrium holds the FPSO contracts with Petrobras. |
| P-84 and P-85 | Seatrium / Petrobras Atapu and Sépia | Hull, living quarters and M15B module EPC | Seatrium awarded the work in 2024 for the two Petrobras FPSOs. |
| P-78 FPSO | Petrobras project executed by Keppel Shipyard and HD Hyundai Heavy Industries | Hull-block fabrication | CIMC Raffles records delivery of hull blocks; Keppel held the turnkey contract and HHI delivered the hull and living quarters. |
| Scarabeo 5 Congo LNG FPU | Saipem / Eni Congo LNG Phase 2 | Yard conversion and module fabrication | Converted from a drilling unit into a gas separation and compression FPU and delivered in August 2025. |
| Woodside Scarborough FPU | McDermott / Woodside | Final integration at Yantai | Final integration followed float-over of the QMW topsides and COSCO Qidong hull. The unit achieved first gas in 2026. |
| Van Oord offshore construction vessels | Van Oord | Wind installation vessel and two subsea rock-installation vessels | Boreas was delivered in January 2025; the second rock-installation vessel option became firm in January 2026. |
| Ten 7,000 CEU PCTCs | Zodiac Maritime | Series EPC construction | The LNG dual-fuel series was delivered from January 2024 to September 2025. |
| Smyril Line ro-ro vessels | Smyril Line | Two 3,300 lane-metre clean-energy ro-ro vessels | First vessel SKIPANES was delivered at Longkou in August 2026. |