Strategic Marine acquires a new shipyard in

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February 4, 2022

(Photo: Strategic Navy)

Strategic Marine announced that it has completed the acquisition of a much larger shipbuilding plant in Singapore with the aim of increasing the company’s shipbuilding capacity and product range.

Strategic Marine acquired the fixed infrastructure as well as the shipyard lease at 5 Benoi Road and completed the lease transfer from JTC Corporation, the lessor of the shipyard.

Notable features of the facility include a 5,000 DWT drydock (L: 105m x W: 18.5m x D: 8m) and a 6,000 DWT slipway.

According to Strategic Marine, the larger facility will allow it to increase its shipbuilding capabilities and expand its product offering to deliver larger vessels and perform ship repair/maintenance services. Its shipbuilding, repair and maintenance capacity will also be increased with a 105m long drydock and a slipway.

“We are excited about this new development as it immediately increases our operational footprint. We are already in discussions with existing and new customers on several projects and we hope that these discussions will lead to contracts in the coming months,” said Chan Eng Yew, CEO of Strategic Marine.

“Thank you also to the team at Strategic Marine as they have laid the foundation for our growing backlog and brand in the market. As well as building ships, we are also looking to improve our product line to meet to current conditions and needs.

“We have a team working on product development and we hope to introduce new designs and products in the coming months. At the same time, we are actively exploring additional yard capacity in this region as well to bolster the capabilities of our newly acquired facility. »

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