UK-based Newport Shipping has expanded its network of ship repair yards through a cooperation agreement with Singapore’s PaxOcean.
Under the deal, Newport expanded its scope with facilities in Singapore, Indonesia and China.
PaxOcean’s Pertama (Batam, Indonesia), PaxOcean Singapore and PaxOcean Zhoushan facilities, bring Newport’s tally of ship repair yards to six, totalling 13 drydocks and providing annual drydocking capacity for more than 1000 vessels.
“We are delighted that PaxOcean has added three shipyards to Newport Shipping’s network of shipyards. These three ship repair yards help to strengthen a growing portfolio of ship repair facilities around the world,” Erol Sarikaya, Newport Shipping Group CEO , said.
Newport Shipping Group already has cooperation agreements in place with the Zhoushan Longshan and Fujian Huadong shipyards in China, and the Cicek Shipyard, in Tuzla, Turkey.
The company is also in the process of finalising agreements with other yards, coatings suppliers and original equipment manufacturers.