China's biggest offshore construction yard expects to post loss

The Board of CIMC Raffles Offshore (Singapore) Limited said Friday that it expects to report a loss for the financial year ended December 31, 2010. CIMC Raffles Offshore, now a subsidiary of China International Marine Containers (Group) Co. Ltd., owns and manages the biggest offshore construction shipyard in China via its subsidiary, Yantai CIMC Raffles Offshore Ltd.
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Source: Marine Log