Robert Kuok-backed PaxOcean Group has won a newbuilding order from Japan’s Penta-Ocean Construction Co for a windfarm installation vessel in a deal worth JPY 18.5bn ($172m).

South East Asian shipyards get busy as vessels avoid China
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The self-elevating platform (SEP) is due to be delivered in the third quarter of 2022 from PaxOcean’s facility in Batam, Indonesia.