Kuok Maritime Group subsidiary PaxOcean has won a newbuilding contract with an unnamed Greek shipowner for 10 multi-purpose service vessels (MPSVs). Under the contract terms, PaxOcean 10 MPSVs will have 5,000 dwt capacity, DP2 dynamic positioning, and other the latest advancements in offshore vessel technology. The vessels will be built at PaxOcean’s yard in Zhoushan, China, with deliveries scheduled from the third quarter of 2026 onwards. According to Pax Ocean, these MPSVs, designed by Norway’s Salt Ship Design, will stand out for their modern design and exceptional fuel efficiency which the Singapore-based company believes would set a new benchmark in the industry. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsChina Greece Singapore