PaxOcean Scores First Newbuilding Contract With Penta-Ocean

Mar 03, 2020

PaxOcean Group has signed a significant newbuilding contract with Penta-Ocean Construction Co., Ltd., to construct a self-elevating platform (SEP) on 30 Jan 2020.

Scheduled for completion in Q3 2022, the SEP is of a GustoMSC design, equipped with four tubular legs and four azimuth thrusters. It is fitted with a 1,600-tonne leg encircling crane, a large clear deck area of approximately 3,800 sqm, with accommodation designed for 80 persons.

Chief Executive Officer of PaxOcean Holdings, Mr. Tan Thai Yong highlighted that, “This SEP will be built at our yard in Batam, leveraging on our strong track record of having delivered 12 high-quality Jack-ups and SEPs to several satisfied international customers in the past. With Penta-Ocean’s strong operational capabilities marrying PaxOcean’s expertise in the construction of Jack-ups and SEPs, I am confident that with our combined strengths, we will complete this project successfully.”

President, Chief Executive Officer & Representative Director of Penta-Ocean Construction, Mr. Takuzo Shimizu said, “We believe this new SEP will make a significant contribution to Japan’s offshore wind power generation expansion with the highly efficient and cost-effective construction. I look forward to a successful completion of this SEP vessel and I believe this first contract will lead to continued collaboration with PaxOcean in the future.”

About Penta-Ocean Construction Co., Ltd.

Headquartered in Japan, Penta-Ocean Construction Co. Ltd. is one of Japan’s leading general contractors, having 55-year experience in Singapore since 1964.

For more information, visit us at http://www.penta-ocean.co.jp/english/

 

About PaxOcean

A subsidiary of Kuok Singapore Limited, PaxOcean owns and operates 6 shipyards located in Singapore, China and Indonesia. First established in 2007 in Singapore, PaxOcean offers a wide range of services covering offshore engineering, rig building, ship and rig repair, maintenance and conversion.

For more information, visit us at www.paxocean.com