Strategic Marine Acquires New Shipyard in Singapore

Friday, February 4, 2022

Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's shipbuilding capacity and product range.

Strategic Marine has acquired the fixed infrastructure as well as the lease of the shipyard at 5 Benoi Road and has completed the lease transfer from JTC Corporation, the lessor of the shipyard.  

Notable features of the facility include a 5,000 DWT Dry Dock (L: 105M x W: 18.5m x D: 8m) and a 6,000 DWT slipway.

According to Strategic Marine, the larger facility will allow it to scale up shipbuilding capabilities and expand its product offering to deliver larger vessels and execute vessel repair/maintenance services. Its shipbuilding, repair and maintenance capacity will also be increased with a 105m long dry dock facility and a slipway.

“We are delighted with this new development as it immediately increases our operational footprint. We are already in discussions with existing and new clients on several projects and we are hopeful these discussions will culminate in contracts in the next few months,” Chan Eng Yew, CEO of Strategic Marine said.

“Thanks also to the Strategic Marine team as they have laid the foundation for our growing orderbook and brand name in the market.  Aside from the ship construction, we are also looking to enhance our product line up to meet current conditions and needs.

“We have a team working on product development and we hope to be introducing new designs and new products within the next few months.  At the same time, we are actively exploring additional yard capacity in this region as well in order to bolster the capabilities of our newly acquired facility.”

Categories: Shipbuilding Vessels Mergers & Acquisitions Industry News Activity Asia Singapore Ship Repair & Conversion

Related Stories

Sapura Energy Rebrands to Vantris Energy

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

China Starts Production at Major Oil Field in Bohai Sea

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Current News

ADNOC Signs Long-Term LNG Deal with India’s Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com