PaxOcean Group, a number one marine and offshore asset service supplier, has signed a big newbuilding contract with an unidentified Greek shipowner.
The settlement entails the development of as much as ten state-of-the-art Multi-Objective Service Vessels (MPSVs), marking a serious growth within the offshore vessel business.
The 5,000 DWT vessels, that includes DP2 dynamic positioning, will probably be constructed at PaxOcean’s Zhoushan shipyard in China. Deliveries are scheduled to begin from the third quarter of 2026.
Designed by Norway’s famend Salt Ship Design, the MPSVs are set to determine new business requirements with their fashionable design and distinctive gasoline effectivity.
A PaxOcean spokesperson emphasised the importance of the challenge, stating, “We’re excited to assemble these revolutionary vessels, which is able to contribute to the development and effectivity of offshore operations.”
The contract underscores PaxOcean’s rising affect within the marine and offshore sector. Established in 2007, the corporate operates 5 shipyards throughout Singapore, China, and Indonesia, together with an MRO facility in Saudi Arabia. PaxOcean’s complete companies embody built-in options, newbuilding, module fabrication, inexperienced recycling, repairs, retrofits, and conversion of each standard and renewable power property.
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