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