PaxOcean has officially opened a new, state-of-the-art shipyard in Singapore's Jurong Industrial Estate. The new facility, which replaces the older yard launched in 2007 at 33 Tuas Crescent, spans 17.26 hectares and features advanced technologies aimed at boosting Singapore’s capabilities in shipbuilding, fabrication, conversion, and repair. PaxOcean invested more than S$200 million (US$158 million) and spent two years developing the facility, which includes two large graving docks, a floating dock, and expanded quayside capacity. The new shipyard also boasts dedicated workshops, an R&D center, and an innovation hub. Designed with sustainability in mind, the facility incorporates energy-efficient infrastructure and plans for electrification and smart logistics solutions.