**Singapore, 7 January 2025** – **PaxOcean** announce the signing of shipbuilding contracts for two cutting-edge Offshore Construction Vessels (OCVs) with a renowned European shipowner. Equipped with advanced technology, these vessels will support the conventional and renewable offshore energy industries, with delivery scheduled for 2027. An option for two additional vessels has also been secured. Measuring 123 meters in length with a 1,750 square meter cargo deck area, each vessel will boast a 250-tonne active heave-compensated offshore crane, DP2 dynamic positioning, and accommodations for up to