Kuok Maritime Group’s PaxOcean opens S$200 million Jurong shipyard
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Kuok Maritime Group's subsidiary PaxOcean has opened a S$200 million shipyard in Jurong, Singapore, covering 17.3 hectares. The facility includes two large dry docks and a floating dock, enhancing its capacity for complex maritime projects. Supported by JTC and the Singapore Economic Development Board, the new yard replaces the previous site in Tuas and aims to strengthen Singapore's maritime capabilities. PaxOcean plans to invest over S$3.5 million in R&D, focusing on carbon capture and green technologies, while creating 12 high-skilled engineering roles.
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