https://www.stengg.com/en/newsroom/news-releases/st-engineering-unveils-smart-shipyard ST Engineering officially inaugurated its new Gul Yard shipyard in Singapore on 19 September 2024, following its acquisition in February 2023 for $95 million. The state-of-the-art facility replaces the existing Tuas Yard , which will cease operations at the end of 2024 upon lease expiration. Significantly larger than its predecessor, the Gul Yard is strategically designed to enhance ST Engineering 's capabilities in handling more complex and larger-scale