PaxOcean, a part of Kuok Maritime Group (KMG), has officially opened its new S$200 million shipyard at 5 Jalan Samulun (5JS) in the Jurong Industrial Estate. 26 hectares and features two large graving docks, one floating dock, expanded quayside capacity, and dedicated workshops to support complex maritime projects.
This new yard replaces PaxOcean's previous location at 33 Tuas Crescent, allowing for faster turnaround times and increased capacity for local and international customers. The shipyard was jointly supported by JTC Corporation (JTC) and Singapore Economic Development Board (EDB), with a build time of two years.
In addition to its operational capabilities, the new yard also boasts an Innovation Hub@5JS (iHub5), a collaborative platform that brings together industry experts, technology partners, and next-generation talent to accelerate maritime solution development. The shipyard is designed with sustainability in mind, incorporating energy-efficient infrastructure, greener operations, and phased electrification initiatives.
5 million committed to R&D investments over the next three years, PaxOcean aims to strengthen its capabilities in carbon capture, utilization and storage, systems integration, simulation, and digital twin applications. The new shipyard is one of five PaxOcean shipyards operating across three countries – Singapore, China, and Indonesia – with a Maintenance, Repair and Operations (MRO) facility currently in construction in Saudi Arabia.
The opening of this state-of-the-art shipyard marks an exciting milestone for the maritime industry in Singapore, showcasing PaxOcean's commitment to innovation and sustainability. As the industry continues to evolve, it will be interesting to see how this new yard supports the development of practical maritime solutions.
