PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features
PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).
The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features two large graving docks, one floating dock, expanded quayside capacity, and dedicated, integrated workshops to support complex and high-value maritime and offshore assets. The build took two years and was jointly supported by JTC Corporation (JTC) and Singapore Economic Development Board (EDB).
5JS replaces PaxOcean’s previous location at 33 Tuas Crescent. The new yard occupies a significantly larger footprint, giving PaxOcean the ability to handle more complex projects with faster turnaround. Local and international customers can also benefit from PaxOcean’s customized engineering solutions for repairs and upgrades, as well as newbuilding and conversion projects.
In addition, PaxOcean has committed more than S$3.5 million in R&D investments over the next three years, supported by EDB’s Research & Innovation Scheme for Companies. A key investment will be PaxOcean’s new Centre of Excellence (COE) in Engineering R&D. The COE will strengthen capabilities in carbon capture, utilization and storage, systems integration, simulation, and digital twin applications, and will support the creation of 12 high-skilled engineering and research roles.
A first for
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