The tug and barge company said it had bought 100% of the shares in the company owning the leasehold in Pandan Road, Singapore.

The yard has been renamed AZ Marine Offshore Services.

The site has an area of 251,500 square feet and water frontage of 2,475 feet.

Aztech said the move was part of its overall strategy to "strengthen its core marine logistics capability, as well as expand its ship repair and maintenance capacity."

Aztech's