Kuok Maritime Group’s PaxOcean opens S$200 million Jurong shipyard

Kuok Maritime Group’s PaxOcean opens S0 million Jurong shipyard

[SINGAPORE] Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under Malaysian billionaire Robert Kuok’s Kuok Group. The shipyard, situated in Jurong Industrial Estate, spans about 17.3 hectares and features two large dry docks, one floating dock, expanded quayside capacity and integrated workshops…

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Kuok Maritime Group’s PaxOcean opens S$200 million Jalan Samulun shipyard

Kuok Maritime Group’s PaxOcean opens S0 million Jalan Samulun shipyard

[SINGAPORE] Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under Malaysian billionaire Robert Kuok’s Kuok Group. The shipyard, situated in Jurong Industrial Estate, spans about 17.3 hectares and features two large dry docks, one floating dock, expanded quayside capacity and integrated workshops…

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AI race sends Big Tech’s capital spending to stratospheric high

AI race sends Big Tech’s capital spending to stratospheric high

Each tech giant has laid out a slightly different route to recouping their investments [WASHINGTON] Four of the biggest US technology companies together have forecast capital expenditures that will reach about US$650 billion in 2026, a mind-boggling tide of cash earmarked for new data centres and the long list of equipment needed to make them…

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Singapore, Asia markets mostly down after Wall Street tech rout

Singapore, Asia markets mostly down after Wall Street tech rout

[SINGAPORE] Asian markets ended the week largely in the red on Friday (Feb 6), taking the cue from the US markets on Thursday, when tech stocks and crypto slumped over concerns of soaring artificial intelligence (AI) spending. Investors reacted badly to the news that Amazon plans to spend US$200 billion this year on data centres,…

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