Yantai CIMC Raffles Shipyard

In 1994, Brian Chang, a Singaporean of South African descent, founded Yantai Raffles at the junction of Bohai Bay and the Yellow Sea.

[1] The shipyard is in close proximity to Korea and Japan, an area that accounts for 80% of the global shipbuilding capacity.

Previously, he had worked with various companies in Singapore and Malaysia in the marine industry, including Mobil, Jardine Offshore, M.J Batty and Far East Shipyard (now known as Keppel FELS) between 1965 and 1970.

It will now become a subsidiary of CIMC Offshore Holdings Co., Ltd.[4] Taisun, the world's largest gantry crane, with a lifting capacity of 20,000 metric tonnes, took over seven years to plan and an additional 12 months for the preparation of its design framework.

[8] The crane, capable of muscling up to 10,000 cars in one lift, allows the mating of an entire outfitted deck box of a semi-submersible rig onto its hull/pontoons in one single operation.