Singapore OSV builder expands capacity with shipyard acquisition

Photo: Strategic Marine

Strategic Marine has completed the acquisition of a larger shipbuilding facility in Singapore in a move that the company hopes will significantly boost its shipbuilding capacity and offshore support vessel (OSV) product range.

Strategic Marine has acquired the fixed infrastructure as well as the lease of the shipyard at 5 Benoi Road and has completed the lease transfer from JTC Corporation, the lessor of the shipyard. Notable features at the facility include a 5,000DWT dry dock measuring 105 by 18.5 by eight metres and a 6,000DWT slipway.

The company said the larger facility will enable it to scale up shipbuilding capabilities and expand its product offering to deliver larger vessels and execute vessel repair/maintenance services.

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