PaxOcean Launches S$200 Million Shipyard in Jurong, Singapore
PaxOcean, a subsidiary of Kuok Maritime Group, has inaugurated a S$200 million shipyard in Jurong Industrial Estate, Singapore. The new facility spans 17.3 hectares, featuring two dry docks, one floating dock, and enhanced quayside capacity. Supported by JTC and the Singapore Economic Development Board, the shipyard aims to improve Singapore's maritime capabilities and will invest S$3.5 million in R&D over three years, including a new Centre of Excellence for Engineering R&D.
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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.
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