Singapore-based shipbuilder Strategic Marine has strengthened its presence in the city-state by concluding the purchase of a bigger shipbuilding centre.
Through the deal, Strategic Marine aims to upscale its shipbuilding capacity and product range.
The firm has taken over the fixed infrastructure and shipyard lease at 5 Benoi Road.
Strategic Marine has concluded the lease transfer from the lessor of the shipyard, JTC Corporation.
The facility, which includes a 5,000dwt dry dock and 6,000dwt slipway, is expected to enhance the company’s offerings.
Apart from improving its shipbuilding capabilities, the new centre will also enable Strategic Marine to increase its product offering to provide larger ships as well as execute vessel repair and maintenance services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Furthermore, the firm’s ship building, repair and maintenance capacity will be expanded by the inclusion of a slipway and 105m long dry dock facility.
Strategic Marine CEO Chan Eng Yew said: “We are delighted with this new development as it immediately increases our operational footprint. We are already in discussions with existing and new clients on several projects, and we are hopeful these discussions will culminate in contracts in the next few months.
“Thanks also to the Strategic Marine team as they have laid the foundation for our growing order book and brand name in the market. Aside from the ship construction, we are also looking to enhance our product line up to meet current conditions and needs. We have a team working on product development and we hope to be introducing new designs and new products within the next few months. At the same time, we are actively exploring additional yard capacity in this region as well in order to bolster the capabilities of our newly acquired facility.”
As a specialist shipbuilder, Strategic Marine Group has a yard in Singapore and a presence in Australia, Germany, Indonesia, the Middle East and the UK.
The group has constructed and handed over more than 600 ships for different clients in the maritime, offshore and defence segments.