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SINGAPORE: SembCorp Marine is building a new 206-hectare yard facility in Tuas in three phases over the next 16 years.
SembCorp Marine said on Wednesday the first phase will have ship repair and conversion facilities, and will have three-and-a-half times the capacity of the current yard at Pulau Samulun.
The rig-builder expects the new yard to boost productivity by as much as 20 per cent from a reduced product cycle.
The construction of the first phase of the project will cost S$750 million and it will begin next month.
- CNA/so
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