Singapore-based shipbuilder Strategic Marine has strengthened its presence in the city-state by concluding the purchase of a bigger shipbuilding centre.
Through the deal, Strategic Marine aims to upscale its shipbuilding capacity and product range.
The firm has taken over the fixed infrastructure and shipyard lease at 5 Benoi Road.
Strategic Marine has concluded the lease transfer from the lessor of the shipyard, JTC Corporation.
The facility, which includes a 5,000dwt dry dock and 6,000dwt...
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