High Quality Content by WIKIPEDIA articles! Yantai Raffles Shipyard is a shipbuilding company in Yantai, Shandong Province, Peoples Republic of China. Yantai Raffles specializes in offshore and marine fabrication and was listed on the Oslo OTC system in Norway in May 2006. In 1994, Brian Chang founded Yantai Raffles at the junction of Bo Hai Bay and the Yellow Sea. The shipyard is in close proximity to Korea and Japan, an area that accounts for 80% of the global shipbuilding capacity. YRS is the only shipyard in China to be majority foreign-owned.It has agreed to acquire 100% of the Sanlian Longkou shipyard in Shandong, China. Brian Chang founded YRS in 1994. Previously, he has worked with various companies in Singapore and Malaysia in the marine industry, including Mobil, Jardine Offshore and Far East Shipyard (now known as Keppel FELS) between 1965 and 1970. In 1971, he started his own company, Promet (now known as PPL), which grew in size over his decade-long tenure. He has worked for 40 years in the shipbuilding and marine fabrication sector, overseeing more than 600 marine construction projects.

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