CIMC Offshore attracts $145M investment

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 of the arrangement, Future Industry Investment Fund will invest the US dollar equivalent to one billion Chinese yuan in CIMC Offshore, in return for a 15 percent equity in the company. According to the current exchange rate, one billion yuan equals $145 million.

CIMC Offshore specializes in the construction of equipment and facilities used by the offshore oil and gas industry, such as semi-submersible and jack-up drilling rigs.

According to CIMC, with this arrangement “CIMC Offshore, a subsidiary of the Group, becomes the first marine equipment enterprise to be invested by Future Industry Investment Fund.”

The company says the investment will be beneficial to the research, design and construction of high-end offshore equipment. It is expected to facilitate the localization of major equipment manufacturing “to achieve new breakthroughs,” and to further enhance the capacity of CIMC Offshore.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Posted on December 8, 2016 with tags , .


<< Jun 2017 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >

Erasmus Energy Forum 2017

Join Rotterdam School of Management, Erasmus University (RSM) on the paths to zero carbon energy

read more >

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! …

read more >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >


QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.



For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.


Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.