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

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Current News

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

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