PaxOcean, a homegrown shipyard group and part of Kuok Maritime Group (KMG), has officially opened on Friday (Feb 6) a new S$200m 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 integrated workshops.
The yard took two years to build and was jointly supported by JTC Corporation and the Singapore Economic Development Board (EDB), PaxOcean said.
In addition, the company said it had committed more than S$3.5m in research and development 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 in engineering