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 research and development. The centre will strengthen capabilities in carbon capture, utilisation and storage, systems integration, simulation and digital twin applications, the company said. It will also support the creation of 12 engineering and research roles.
5JS is one of five PaxOcean shipyards operating across three countries – Singapore, China and Indonesia – with a maintenance, repair and operations facility currently in construction in Saudi Arabia.
The new facility at 5JS replaces PaxOcean’s Tuas Yard.
The opening ceremony was officiated by Mr Murali Pillai, senior minister of state, ministry of law and ministry of transport.
In his address at the grand opening of the new shipyard the minister, among others, said: “This new shipyard facility is sited where Jurong Shipyard, one of the first shipyards established when Singapore was industrialising in the 1960s, once operated. It represents not only a bold step forward for PaxOcean Group, but also the broader transformation and advancement of the sector.”
