**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 123 personnel. Key features include a full-beam hangar for two work-class ROVs, a 1000KWh battery energy storage system, and provisions for future carousel installation and moonpool operations.
Designed with sustainability at the forefront, these vessels incorporate options for methanol readiness and are versatile enough to handle a diverse range of offshore operations, including subsea construction, ROV support, and inspection, maintenance and repair (IMR) activities.
**PaxOcean** is confident that these vessels will be instrumental in the energy transition, particularly within the burgeoning offshore wind sector, while also providing essential support for sustainable operations across the conventional and renewable offshore energy markets.
**About PaxOcean Group** **PaxOcean Group** (PaxOcean) is a member of the **Kuok Maritime Group** (KMG) which is part of **Kuok Group Singapore** (KGSg). **PaxOcean** owns and operates five shipyards located in Singapore, China, and Indonesia. First established in 2007 in Singapore, **PaxOcean** offers a wide range of services covering integrated solutions, newbuilding, module engineering and fabrication, green recycling, repairs, and conversion of conventional and renewable energy assets.