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Is Haiyang Raffles Shipyard a state-owned enterprise?
The shipyard is not a state-owned enterprise.
Haiyang Raffles Shipyard is a private enterprise located in Haiyang City, Yantai City, Shandong Province. Its main business is shipbuilding and offshore engineering equipment manufacturing. However, there is a certain connection between Haiyang Raffles Shipyard and the state-owned CIMC Raffles Offshore Engineering Co., Ltd., both of which belong to the Yantai Raffles Group. CIMC Raffles Offshore Engineering Co., Ltd. is a state-owned enterprise that provides offshore engineering equipment and services worldwide.
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