Yantai Raffles closes deal worth US$78m with Van Oord

Yantai Raffles closes deal worth US$78m with Van Oord to construct a bulk carrier with rock placing capabilities.

Yantai Raffles Shipyard Limited (“YRS” or the “Group”) has been awarded a contract to construct a flexible fall pipe bulk carrier worth approximately US$78 million by Dutch Dredging, Offshore and Marine Construction company Van Oord.