PaxOcean, a subsidiary of the Kuok Maritime Group (KMG), has officially inaugurated a new S$200 million shipyard in Singapore. This significant development enhances the nation’s maritime infrastructure. The facility, located at 5 Jalan Samulun (5JS), resides within the bustling Jurong Industrial Estate.
Advanced Maritime Infrastructure
The newly opened shipyard spans an expansive 17.26 hectares. This considerable footprint provides ample space for large-scale operations. Key features include two substantial graving docks and one floating dock, designed to support diverse maritime needs.
PaxOcean, a KMG subsidiary, launched a new S$200 million shipyard in Singapore's Jurong Industrial Estate. This 17.26-hectare facility, with multiple docks, significantly boosts the nation's maritime infrastructure and capabilities in ship repair, maintenance, and conversion, reinforcing Singapore's global maritime center status.
Strategic Jurong Location
Positioning the shipyard in the Jurong Industrial Estate offers strategic advantages. Jurong is a well-established hub for heavy industries and logistics. This location ensures efficient access to vital supply chains and a skilled workforce, further cementing its operational efficiency.
Boosting National Maritime Capabilities
The S$200 million investment underscores a commitment to strengthening Singapore’s position as a global maritime center. This modern facility will significantly bolster the nation’s capabilities in ship repair, maintenance, and conversion. It also provides crucial support for the regional shipping industry.
The advanced infrastructure at 5 Jalan Samulun positions PaxOcean to meet evolving demands in the maritime sector. This development represents a forward-looking step for both the company and Singapore’s economy, contributing to sustained growth in the industry.
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