Manufacturing technology financing leasing: anatomical CIMC marine drive

In Yantai, Shandong Province, the same mushroom in Zhifu Island, where CIMC Raffles is located, is like an umbrella that blocks wind and rain and waves outside the shipyard.
Yu Ya, who represents CIMC as the president of Raffles, is very satisfied with this terrain: “The water depth below the Raffles Dock is 18 meters, which belongs to the deep-water unfrozen dock and is very rare in China.”
Figures for the first three quarters of 2013 show that China's offshore oil equipment orders have exceeded 10 billion US dollars, accounting for 20% of the global share – three years ago this figure is still less than 10%. At the same time, China surpassed Singapore in terms of orders and total orders, second only to South Korea.
Taking the participation of Singapore Raffles in 2008 (later renamed CIMC Raffles) as the starting point, CIMC Raffles is currently the largest semi-submersible drilling platform manufacturer in China, accounting for more than 80% of the domestic market share, and its offshore equipment. Orders are mainly concentrated on mobile drilling equipment (semi-submersible drilling platforms, jack-up drilling platforms), floating production equipment, and offshore engineering vessels. Among them, CIMC Raffles accounted for 67% of the domestic semi-submersible drilling rigs (note: a platform cost about 500-600 million US dollars), and its jack-up drilling platform's order-taking rate is also ranked among the top three in China.
Yu Ya believes that China's offshore equipment companies often go through three stages: the first stage is the order that is not received by South Korea and Singapore. The shipowners come up with harsh conditions and lower the cost to let Chinese ship companies take orders. The second stage After completing the first batch of oil rigs for the enterprise, the shipowners will start to take more orders to the shipbuilding enterprises, and the cost is appropriate, but there are stricter risk clauses attached; the third stage is to obtain the full trust of the shipowners. The same business contract was given to the shipping companies of South Korea and New Zealand. "CIMC is currently in the second stage."

From container to high-end offshore
“Taishan Hang” is an important factor for CIMC Raffles to attract shipowners to place orders. The savings during the construction period directly mean the benefits in the manufacturing process of offshore oil rigs. Every day of the manufacturing process of the rig, it means that the shipowner can rent the platform to the oil company one day earlier. In the industry regulations, the shipowner’s reward for the shipyard’s early completion is $200,000 a day.
The predecessor of CIMC Raffles was the Yantai Shipyard. In 1995, it was introduced to the Singapore ship industry senior practitioner and the Chinese Zhang Liren, and the shipyard was renamed Raffles Singapore.
Since 1998, Zhang Liren discovered that oil prices have risen from the bottom of the valley, and the demand for offshore oil production is facing an outbreak. He began to help Raffles transform from tugboat production to offshore equipment. Since Raffles entered the offshore oil production field in 2000, the global oil price has risen from the price of about 10 US dollars per barrel to the current 100 US dollars / barrel, which stimulates various capitals to enter the offshore oil exploitation field and drives the demand for oil drilling platforms. Increased substantially.
In the global financial crisis in 2008, due to the tight funding of several shipowners, Raffles also had a problem with the capital chain. Zhang Liren transferred the shares of Raffles Shipyard to CIMC, which holds the funds. As a result, the core “Marine” business of the original Raffles Shipyard has officially become an important rising industry segment of CIMC.
CIMC sent a group vice president Yu Yalai to lead the offshore business sector. In the context of the sluggish business of the offshore industry and the loss to the Group, CIMC still insists on investing in offshore engineering, and has established the CIMC Offshore Engineering Research Institute in Yantai, which has only 66 to 70 people in the Raffles Shipyard. The team has expanded to a technical system of nearly a thousand people.
Shao Yongqiang, Assistant Director of CIMC Raffles Project Management Department, admitted to the reporter that the reason for entering Raffles was that, in addition to perfect engineering conditions, another factor was that the investment of 260 million yuan was “Taishan Crane” (20,000 tons of crane) Point bridge crane). “The construction cycle of the semi-submersible drilling rig, which was originally about 36 months old, has now been reduced to about 26 months.”
In August 2008, CNOOC Service Company acquired Awilco, a Norwegian shipowner company, for US$2.5 billion, and obtained the opportunity to enter the offshore oil production area, the most mature area for offshore oil production, and announced that it will establish an offshore oil production fleet. international market. The partner behind it is the CIMC Raffles led by CIMC.
In the past five years, Raffles Shipyard has completed orders for four offshore drilling platforms for COSL. From the names of these ships, we clearly see the expectations of the two partners for the market. The names of the four ships are called "pioneer", "explore", "aggressive" and "prosperous". On September 27 this year, the "Xingwang" has completed the large-close work of the upper and lower hulls.
Yu Ya explained that the Norwegian North Sea is one of the world's harshest operating environments, and therefore has the highest requirements for incoming offshore equipment. CIMC Raffles has three platforms in operation, and even some platforms have received the highest rating from the Norwegian Classification Society.

Two-wheel drive: offshore engineering and financial leasing
The purpose of the establishment of CIMC Offshore Engineering Research Institute is to get rid of the original situation that the original shipyard is purely a manufacturing factory and has no academic background. Instead of simply accepting sample processing, it is involved in each of basic design, extended design and detailed design. stage. It is intended to create a professional offshore oil production vessel manufacturer.
Yu Ya believes that financial leasing is a superimposed business service model based on design and manufacturing. “In the beginning, it was a Norwegian order, referring to the combination of industry and finance.” After the multi-model is done, CIMC's financial leasing will understand how Norwegian large-scale offshore workers operate.
Traditionally, shipowners of offshore oil production are more inclined to Korean shipyards. Because Korean products have good stability, especially the delivery period is quite reliable and has a high market reputation. “Made in China” is not trusted by shipowners in the industry.
In the view of Yuya, South Korea and Singapore have a long working life, rich experience and strong supporting capabilities. “People say that the construction period is 30 months for 30 months, and two days for individual cases. The premise of our plan is that we have compiled it ourselves. It is not a lot of experience, so there will be problems at the time, and the shipowners will not trust. ".
“There are many changes in the offshore manufacturing industry, and the series is not strong. It can be said that each ship is different, and the customers will continue to ask for requirements according to their oil companies during the construction process. Therefore, the entire offshore project The delivery time is a special headache for every shipyard.” Shao Yongqiang said.
Different from the Raffles Shipyard under the leadership of Zhang Liren, after the entry of CIMC, not only the gradual improvement of production conditions, but also the expansion of the technical field. Based on the past technical department, CIMC Raffles has separated the technical department and established the CIMC Offshore Engineering Research Institute in 2009.
Teng Yao, deputy general manager of CIMC Offshore Institute, told reporters that at the beginning of 2004, the entire technical center of CIMC Raffles was probably more than 60 people. At present, the number of the entire offshore engineering institute is about 700. “The number of high-end platforms our team should rank first in China. Semi-submersible platforms are the most advanced offshore products in China. There are currently 8 semi-submersible drilling platforms in China, and we have designed 6 of them.” .
“It used to be taken away by others, but we now know how to do it.” Shao Yongqiang said that the overall technical strength of the design promotion has been improved, and the modification during the construction process has been reduced. “We now have a data, and the current production modification time is still Less than 2%, the previous modified working hours are more than 10% to 30%." This also guarantees completion on schedule.
As another important wheel driven by the offshore industry, CIMC established a financial leasing company in 2007. Its customers are not limited to CIMC's own products, for example, providing the world's second-largest and third-largest shipping companies with a total solution for ship “design + manufacturing + financing leasing”.
However, Yu Ya acknowledges that Chinese companies still need experience and exploration compared to the successful model of Norway for 30 or 40 years.

Collective march into the sea industry boom
The main reasons for the sharp increase in orders for drilling rigs include: First, the old platforms that were built in the 1970s and 1980s have been phased out; second, the new demand in the market has continued to be active, mainly involving high-end deepwater jack-up rigs such as work. The platform has a water depth of about 400 feet (122 meters) or can operate in the harsh sea conditions of the North Sea region. Third, Mexico has accelerated the development of offshore oil and gas resources, bringing a lot of jack-up drilling platform demand; fourth, market speculation Big.
According to data provided by research institute Religare, as of the third quarter of this year, the orders of self-elevating drilling vessels obtained by Chinese shipyards accounted for 45% of the total orders in the world, and the amount of orders received in China has accounted for global orders. 32% of the total amount.
Under the premise of a rebound in prices and a large decline in shipbuilding prices, domestic shipping companies have transformed marine equipment, especially into the field of jack-up drilling platforms. Yu Ya told reporters that, positively, this will make Haicheng's entire supply chain gradually accelerate to China, "but it also has many hidden dangers."
The threshold of offshore workers is very high. Each shipyard must have a minimum of 3-5 years of study period. Once the study period is over, the peak may be gone. Yu Ya said that at most, there are 3-5 companies in a country. Now there are 3 in South Korea and 2 in Singapore. Japan has basically withdrawn. "The entry of Chinese shipping companies has objectively accelerated the pace of offshore exports, but it may be After 3-5 years, I will withdraw from a large number."
Wang Jinlian, secretary-general of China Shipbuilding Industry Association, believes that in the past few years, some key Chinese ship companies have seized the opportunity to merge foreign companies and expand their offshore engineering design and technology personnel. "But overall, the high-end of our industry. Talents, including those in design, management, management, etc., and even those involved in relevant laws are quite scarce."

Thermal Insulation Bridge Cutoff Profile

Thermal Insulation Bridge Cutoff Profile,Architectural Aluminium Profile

Wuqiang Xingdou International Trade Co., Ltd , https://www.xdaluminumproducts.com