On January 7, Singapore-based shipbuilder PaxOcean announced that it has signed an order for two high-specification Offshore Construction Vessels (OCVs), scheduled for delivery in 2027, with a leading European shipowner. The contract also includes an option for two additional vessels has also been secured.
Equipped with cutting-edge technology, these vessels will support the conventional and renewable offshore energy industries, with delivery scheduled for 2027.
Measuring 123 meters in length with a 1,750 square meter cargo deck area, each vessel will boast a 250-tonne active heave-compensated offshore crane, DP2 dynamic positioning, and accommodations for up to 123 personnel. Key features include a full-beam hangar for two work-class ROVs, a 1000KWh battery energy storage system, and provisions for future carousel installation and moonpool operations.
Designed with sustainability at the forefront, these vessels incorporate options for methanol readiness and are versatile enough to handle a diverse range of offshore operations, including subsea construction, ROV support, and inspection, maintenance and repair (IMR) activities.
PaxOcean is confident that these vessels will be instrumental in the energy transition, particularly within the burgeoning offshore wind sector, while also providing essential support for sustainable operations across the conventional and renewable offshore energy markets.
This is the second order received by PaxOcean in a month. At the end of 2024, PaxOcean signed a contract with Japan’s Penta-Ocean Construction for a cable-laying vessel with a total value of up to $240 million including trenchers and ROVs, with an expected delivery date of February 2028.
PaxOcean Group (PaxOcean) is a member of the Kuok Maritime Group (KMG) which is part of Kuok Group Singapore (KGSg). PaxOcean owns and operates five shipyards located in Singapore, China and Indonesia. First established in 2007 in Singapore, PaxOcean offers a wide range of services covering integrated solutions, newbuilding, module engineering and fabrication, green recycling, repairs and conversion of conventional and renewable energy assets.