Singapore, 7 January 2025 – **PaxOcean** has announced the signing of contracts to build two state-of-the-art Offshore Construction Vessels (OCVs) for a prominent European shipowner. These vessels are expected to aid both conventional and renewable offshore energy sectors, with their delivery slated for 2027. An option has also been secured for the construction of two more vessels. Each vessel will measure 123 meters in length and offer a 1,750 square meter cargo deck. Significant features include a 250-tonne active heave-compensated offshore crane, DP2 dynamic positioning, and accommodation for up to 123 personnel. A full-beam hangar equipped for two work-class ROVs, a 1000KWh battery energy storage system, and provisions for future carousel installation and moonpool operations underscore their advanced capabilities. Designed with a focus on sustainability, the vessels incorporate methanol readiness as an option, enabling them to perform a diverse range of offshore operations, such as subsea construction, ROV support, and inspection, maintenance, and repair (IMR) activities. **PaxOcean** believes these ships will be pivotal in the transition to sustainable energy, especially within the growing offshore wind sector, while simultaneously supporting conventional and renewable offshore energy operations. **PaxOcean Group** is part of the Kuok Maritime Group (KMG) under the Kuok Group Singapore (KGSg). The company operates five shipyards across Singapore, China, and Indonesia. Founded in 2007 in Singapore, **PaxOcean** provides a broad spectrum of services, including integrated solutions, newbuilding, module engineering and fabrication, green recycling, repairs, and conversion of energy assets.