SINGAPORE, 6 February 2026 – PaxOcean, part of Kuok Maritime Group, has today opened a new shipyard at 5 Jalan Samulun, backed by a $200 million (Singapore dollars) investment.
The opening ceremony was officiated by Mr Murali Pillai, Senior Minister of State, Ministry of Law and Ministry of Transport. Located in the Jurong Industrial Estate, the 17.26-hectare facility includes two large graving docks, one floating dock, expanded quayside capacity, and dedicated integrated workshops aimed at supporting complex maritime and offshore assets. The yard was built over two years with joint support from JTC Corporation and the Singapore Economic Development Board.
The site replaces PaxOcean’s former yard at 33 Tuas Crescent and provides a larger footprint to take on more complex work with faster turnaround. The shipyard supports repairs and upgrades through customised engineering solutions, alongside newbuilding and conversion projects, and is intended to strengthen Singapore’s newbuilding, fabrication, conversion and repair capabilities.
PaxOcean has also committed more than $3.5 million (Singapore dollars) in R&D investment over the next three years under the Singapore Economic Development Board’s Research & Innovation Scheme for Companies. A key element is a new Centre of Excellence in Engineering R&D focused on carbon capture, utilisation and storage, systems integration, simulation and digital twin applications, and it will support the creation of 12 high-skilled engineering and research roles.
A first for a shipyard in Singapore, the facility houses Innovation Hub@5JS (iHub5), a Kuok Maritime Group-led platform bringing maritime experts, technology partners and next-generation talent together to develop practical solutions, with test-bedding supported by the Centre of Excellence and iHub5.
Designed with sustainability in mind, the yard includes energy-efficient infrastructure and greener operations under a phased roadmap covering electrification, smart energy and logistics systems, and green solutions such as renewable energy, biofuels and carbon capture. It is powered by large-scale photovoltaic panels and an energy-efficient ACMV system. As of today, it has attained BCA Green Mark Platinum Super Low Energy (Provisional) certification and has been recognised with the Whole Life Carbon badge.
PaxOcean operates five shipyards across Singapore, China and Indonesia, with an MRO facility under construction in Saudi Arabia.
