PaxOcean, a Singapore-based shipyard under the Kwok Group, has welcomed a new shipyard facility, marking the imminent completion of its Singapore operations relocation.
Recently, PaxOcean announced via social media that its new shipyard, built at a cost of S$200 million, has officially commenced operations. The company’s shipyard operations at 33 Tuas Crescent are being relocated to the new facility, marking an upgrade to its shipyard capabilities in Singapore.
PaxOcean Samulun Shipyard not only undertakes dry-docking maintenance for Suezmax vessels but also executes more technically complex high-end projects with greater efficiency and at a larger scale. The shipyard features a dedicated cryogenic workshop capable of providing comprehensive overhaul services for components such as cargo tanks and pumps/valves on liquefied natural gas (LNG) carriers and LNG-powered vessels.
PaxOcean was established in 2007 as a shipbuilding enterprise founded by the multinational conglomerate Kwok Group to expand its ship repair and construction operations. Its business scope includes new shipbuilding, ship repair, conversion, and refurbishment, module manufacturing, green recycling, and integrated solutions for traditional and renewable energy. According to its official website, PaxOcean currently operates six ship repair and construction yards located in Singapore (1), China (1), Batam Island, Indonesia (3), and Saudi Arabia (1).
PaxOcean’s shipbuilding base in China is PaxOcean Engineering Zhoushan Co.Ltd (POEZ), which secured orders for 3+2 methanol-ready offshore support vessels (OCVs) this year, 2 multi-purpose service vessels (MPSVs), and 4 Suezmax tankers (outsourced to Samsung Heavy Industries).
POEZ has been in operation since 2010, with its business scope covering maintenance projects for tankers, container ships, dry cargo vessels, LNG carriers, and offshore drilling platforms. POEZ has one 500,000-ton slipway (400m * 106m * 13.7m), one 400,000-ton slipway (380m * 80m * 13.7m) and two 12-meter-deep ship repair wharves ( with a total length of 976m). The dock is capable of accommodating ULCCs, VLOCs, FPSOs, all types of vessels up to 400,000 DWT, and container vessels up to 16,000 TEU.