Search results for: CIMC

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  • 21 December 2011
    Business & Finance

    The second semi-submersible drilling rig COSL Innovator  produced by Yantai CIMC Raffles Offshore Ltd (CIMC raffles) for COSL Drilling Europe AS (CDE) departed from CIMC raffles on 8:00 AM 21th Dec 2011. Approximately 120 employees from the yard attended the see off Ceremony. It is the second deep water semi-submersible drilling platform built by Yantai […]

  • 9 June 2015
    Exploration & Production

    CIMC Raffles has started the construction of the semi-submersible drilling rig Beacon Pacific for Beacon Pacific Group Ltd., at its Yantai Shipyard, in China.  According to the press release, the rig is based on GM4-D design and CIMC Raffles has cooperated with Global Maritime on the basic design and owns 80% intellectual property right. CIMC says that […]

  • 31 July 2017
    Exploration & Production

    Chinese shipbuilder CIMC Raffles has started sea trials for the ultra-deepwater drilling rig Bluewhale II, following the completion of equipment testing. CIMC started sea trials of the rig over the weekend and they are expected to last for three weeks, the builder reported on Monday. Designed to operate in water depths of 3658 meters and drill […]

  • 26 December 2016
    Business & Finance, Exploration & Production

    CIMC Offshore has entered into an agreement with Shenzhen Mangrove Venture Capital and China Industrial International Trust to establish a partnership that will build and operate two offshore platforms.  To promote the group’s offshore business, CIMC Offshore, a subsidiary of China International Marine Containers (CIMC),will together with Shenzhen Mangrove Venture Capital and China Industrial International Trust jointly establish […]

  • 13 August 2014

    Chinese offshore rigs builder CIMC Raffles has delivered the Coastal Driller 4001 jack-up drilling rig to Coastal Contracts Bhd. The delivery marks the ninth rig built and delivered from the company’s yard in Yantai. Coastal Driller 4001 rig is 70.36 meters long, 76 meters wide and 9.45 meters high, with leg length of 167 meters, […]

  • 28 February 2014

    CIMC Raffles has begun the construction of Frigstad’s second ultra-deepwater submersible drilling rig. The steel cutting for UDW rig ‘Beta’ was held today, 28th February, at the CIMC Haiyang yard. The rig is based on the D90 design developed by Frigstad Engineering. Frigstad Deepwater Rig Beta belongs to the latest generation of ultra-deepwater semi-submersible drilling […]

  • 26 July 2013

    China International Marine Containers’ (CIMC) shipowning subsidiary, CIMC Financial Leasing ordered five 8,800 TEU newbuildings worth $425m from Jiangsu New Times Shipbuilding on July 24. The delivery of the vessels is scheduled for 2015. The order is placed under the conditions similar to the previous CIMC’s order placed in June this year. For these, as […]

  • 30 April 2015

    China’s CIMC Raffles shipyard has delivered a new semi-submersible drilling rig to COSL. The rig named COSL Prospector today, April 30, 2015, left the deep-water wharf of CIMC Raffles and officially joined the deep-water fleet of China National Offshore Oil Company (CNOOC). The rig is the fourth deep-water semi-submersible drilling rig delivered by CIMC Raffles for COSL. […]

  • 13 October 2015
    Exploration & Production

    China’s CIMC Raffles has launched the lower hull of the Beacon Atlantic semi-submersible drilling rig. As revealed in CIMC Raffles’ press release on Tuesday, the launching ceremony of Beacon Atlantic’s lower hull was held on Monday, October 12, 2015. The rig of GM4-D design is being built for Norway’s North Sea Rigs AS. Scheduled for delivery […]

  • 8 December 2016

    China International Marine Containers (CIMC HK) has agreed to sell a 15 percent interest in CIMC Offshore to Future Industry Investment Fund, also based in China. The investment fund has been set up by the government of China to invest in major projects in the advanced manufacturing industry, aiming to facilitate industry development in China. As part […]

  • 27 April 2020
    Infrastructure, Vessels

    Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering has won an order to build liquefied petroleum tankers for Germany’s Hartmann Group. The contract includes the construction of three 5000 cubic meter LPG ships and additional order for two vessels. CIMC SOE, which is a unit of CIMC ENRIC, claims that the vessels will be the […]

  • 10 January 2014
    Business & Finance

    Yantai CIMC Raffles Offshore Limited (CIMC Raffles) has secured an order from Central Shipping Monaco (CSM) to build two units of Friede & Goldman JU2000E jackup drilling rigs. The two rigs are scheduled to be delivered at the end of 2015.In addition, CSM has options to build up to another 4 similar jackup rigs with […]

  • 1 September 2015
    Business & Finance

    Evergreen Holding Group (Evergreen) has entered into an agreement with investment holding company CIMC Enric Holding LTD. on the sale of Evergreen’s shares in Sinopacific Offshore and Engineering Co. Ltd (SOE).  Under the deal, Sinopacific Shipbuilding Group (SINOPACIFIC), a subsidiary company of Evergreen, will transfer its shareholding of 29.95% in SOE to CIMC Enric. After the completion […]

  • 16 January 2014
    Business & Finance

    Yantai CIMC Raffles Offshore Limited (CIMC Raffles), a wholly-owned subsidiary of CIMC Group, has secured an order from a wholly-owned subsidiary of Norshore Holdings AS to build 1 unit of Multi-Purpose Drillship. The drillship is scheduled to be delivered in the second half year of 2016 .In addition, Norshore has options to build up to […]

  • 16 July 2015
    Exploration & Production

    CIMC Raffles has, on July 16, 2015, cut first steel for Sinopec’s 90-meter jack-up at its Yantai shipyard in China.  The basic design is completed by Sinopec Drilling Technology Research Institute while CIMC Raffles is responsible for detailed design, producing design and construction. CIMC Raffles said that, with operating depth of 91.4 meters, drilling depth […]

  • 2 September 2019
    Exploration & Production

    Mexican oil company Pemex has chartered two CIMC Raffles-built jack-up drilling rigs on long term contracts.

  • 16 January 2014

    Yantai CIMC Raffles Offshore Limited (CIMC Raffles), has secured an order from Beacon Holdings Group Ltd, to build one unit of harsh environment ice class semi-submersible drilling rig. The rig, to be named the Beacon Atlantic, is scheduled for delivery in the fourth quarter of 2016. In addition, the Owner has an option to build […]

  • 12 September 2013

    CIMC Financial Leasing (CIMC FL), a wholly-owned subsidiary of CIMC, and Jiangsu New Times Shipbuilding (NTS) have signed a contract for the construction of two 8,800 TEU container vessels. The contract for the two 8,800 TEU vessels is estimated to be worth around $170 million. CIMC FL will pay the first installment representing 2% of […]

  • 12 December 2012
    Business & Finance

    On 10 Dec. 2012, CIMC Raffles Offshore Ltd.  delivered the 300feet Super M2 Jack-up drilling rig the Caspian Driller at OJSC ‘Krasnye Barrikady’ Shipyard (hereinafter raftered to as KB) in Astrakhan, Russia. The delivery of the Jack-up drilling rig has been made possible by the mutual hard work of the overseas shipyard and CIIMC Raffles, […]

  • 29 December 2011
    Business & Finance

    On the morning of Dec. 29th, 2011, China’s CIMC Raffles delivered a jack-up drilling rig the Master Driller to the Reignwood International Investment (Group) Company Limited. The basic design of the rig is supplied by the Friede&Goldman of the U.S.A., while CIMC Raffles independently finished all the detail design and shop design, with the Intellectual […]

  • 10 May 2019
    Exploration & Production

    China’s CIMC Raffles has confirmed it has signed a two-year contract with CNOOC for the lease of the giant ultra-deepwater semi-submersible drilling rig – the Bluewhale I.

  • 14 April 2016
    Exploration & Production

    Chinese shipyard CIMC Raffles has delivered its latest jack-up drilling rig – the Kan Tan Qi Hao. The rig was delivered to Sinopec Shanghai Offshore Petroleum Bureau on Tuesday, by Yantai CIMC Raffles yard. According to CIMC Raffles, the rig, classed by ABS, can operate a minus 20 Celsius temperatures. The rig operating depth is […]