PaxOcean yards are subsidiaries of the Singaporean multinational conglomerate Kouk (Singapore) Limited, a major group of private companies in Asia which also operate other businesses in various industries such as the Shangri-La group of hotels,Kerry Properties and Kerry Logistic. PaxOcean Zhoushan has been operationally ready since October 2011,developing a track record in offshore projects ,repair and conversion of offshore assets and other marine vessel. The shipyard is located in Zhoushan. PaxOcean Zhoushan has geared the shipyard for new buildings of vessels and offshore rigs. Our recent Letter of Intent with Levingston Offshore to build the 415WC liftboat, which will be the world's largest liftboat, signals our commitment for our shipyard to offshore new building projects. We offer innovative and cost-effective solutions to our customers for our repair projects no matter whether the repair is for tankers, containerships, dry cargo, gas carriers or offshore rigs. Our recent repairs for COSL 942, a Jack Up rig, received good commendation from our client. A satisfied customer is a proud achievement for the shipyard. Our team comprises of experienced people in vessel conversions, be it FPSO, FSO and pipe lay vessel projects. Through this team of experienced people, we seek to provide our customers on time delivery of the conversion projects in our shipyard safely and cost effectively. Our shipyard has received the Open Region permit from the Chinese authorities and this allows PaxOcean Zhoushan to receive foreign flagged vessels into our shipyard for repairs and conversion.more