PaxOcean Signs Contract with Taiwan Navigation to Build Five Tugboats

Jan 28, 2021

PaxOcean’s PT. Graha Trisaka Industri has signed a newbuilding contract with Taiwan Navigation Co. Ltd. (“Taiwan Navigation”) for the construction of five Tugboats, two of which are fitted with Steerable Rudder Propellers and three fitted with Voith Schneider Propellers.

The signing ceremony conducted on 28 January 2021 marks a new partnership with Taiwan Navigation which has been awarded a 25-year long-term charter contract from CPC Corporation, Taiwan. The five tugboats will serve  the new LNG receiving terminal at the  Kwun Tong Industrial Port, which is currently under construction.

Based  on the Robert Allan design, each of the  five tugboats will have a bollard pull of 60 tonnes. They will be constructed at PaxOcean’s yard in Batam, Indonesia. The scheduled delivery of the five tugboats is  in Q4 2022.



About Taiwan Navigation Co. Ltd.

Taiwan Navigation was founded in 1946 and was listed in Taiwan Stock Exchange since 1998. 26.4% owned by the Republic of China government, the company operates its businesses through deep sea shipping, which includes bulk goods shipping, container shipping and the agent operation of oil tankers; coastal shipping, which involves  the operation of car  and coal carriers, as well as general port services..

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About PaxOcean

A subsidiary of Kuok Singapore Limited, PaxOcean owns and operates 5 shipyards located in Singapore, China and Indonesia. First established in 2007 in Singapore, PaxOcean offers a wide range of services covering newbuilding, module fabrication, green recycling, repairs and conversion of conventional and renewable energy assets.

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