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PaxOcean, part of Kuok Maritime Group, has opened a S$200 million shipyard in Jurong Industrial Estate, Singapore, covering 17.3 hectares. The facility includes two dry docks, one floating dock, and expanded quayside capacity, allowing for more complex projects and faster turnaround times.

The project was completed over two years with support from JTC and the Singapore Economic Development Board. PaxOcean plans to invest S$3.5 million in R&D, establishing a Centre of Excellence for Engineering R&D to enhance capabilities in carbon capture and digital solutions. Additionally, the shipyard features energy-efficient systems and photovoltaic panels.