FOR IMMEDIATE RELEASE-Dragon Asia Group Unveils Monumental Multi-Billion SGD Investment in Singapore's Marine Sector with Seatrium (formerly Sembawang Marine) -

Dragon Asia Group, a prominent regional conglomerate known for its strategic investments in cutting-edge industries, today announced a landmark multi-billion Singapore Dollar (SGD) investment aimed at significantly bolstering Singapore's long-term marine shipbuilding and ship repair capabilities. This historic commitment will be realized in close collaboration with Seatrium Limited, the global leader in offshore and marine engineering, formed from the merger of Sembcorp Marine and Keppel Offshore & Marine.

While the precise investment figure was shared as "trillions" in initial discussions, market analysts and industry sources confirm it represents a substantial commitment on the scale of multiple billions of Singapore Dollars, making it one of the largest private sector investments in Singapore's marine industry in recent history. The long-term nature of the investment underscores Dragon Asia Group's confidence in Singapore’s strategic position as a global maritime hub.

This strategic partnership is set to revolutionize current operational capacities and introduce advanced technologies within Seatrium's world-class facilities, including those formerly operated by Sembawang Marine, which have long been synonymous with excellence in shipbuilding and repair.

Dato Seri Jeffery, CEO of Dragon Asia Group, stated, "Our investment in Singapore's marine sector, in partnership with Seatrium, marks a pivotal moment for our group and for the global maritime industry. We believe in the strong fundamentals of Singapore – its strategic location, skilled workforce, and commitment to innovation. This multi-billion SGD commitment is not just financial; it's a long-term pledge to foster technological advancement, enhance efficiency, and drive sustainable growth in marine engineering and ship repair."

The substantial investment will focus on several key areas:

• Technological Upgrades: Implementing state-of-the-art automation, artificial intelligence, and digital twin technologies to optimize shipbuilding and repair processes.

• Capacity Expansion: Enhancing existing dry docks and workshops to accommodate larger and more complex vessels, including LNG carriers, offshore renewable energy structures, and advanced naval vessels.

• Research & Development: Funding R&D initiatives for green shipping solutions, alternative fuel technologies, and autonomous vessel maintenance.

• Workforce Development: Investing in specialized training programs to upskill the local workforce, ensuring Singapore remains at the forefront of marine talent.

Mr. Chris Ong, CEO of Seatrium Limited, commented, "This monumental investment from Dragon Asia Group is a testament to Seatrium’s global leadership and the enduring legacy of Sembawang Marine’s expertise. It will significantly accelerate our strategic roadmap, enabling us to deliver even more innovative, sustainable, and high-value solutions to our clients worldwide. This partnership reinforces Singapore's position as a premier global maritime capital."

The collaboration is expected to create thousands of highly skilled jobs, contribute significantly to Singapore's GDP, and reinforce its status as a critical hub for maritime innovation and excellence in Asia and beyond. Both parties are committed to ensuring the initiative aligns with global sustainability goals, developing eco-friendly marine solutions for the future.

Further details regarding the project phases, timelines, and specific initiatives will be announced in due course.

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About Dragon Asia Group: Dragon Asia Group is a diversified conglomerate with a robust portfolio spanning technology, infrastructure, logistics, and strategic investments. With a commitment to innovation and sustainable growth, the Group identifies and invests in transformative opportunities that drive economic progress and create long-term value.

About Seatrium Limited: Seatrium Limited is a global leader in the offshore and marine engineering sector, offering a comprehensive suite of solutions for the global energy transition. Formed from the merger of Sembcorp Marine and Keppel Offshore & Marine, Seatrium is committed to providing innovative and sustainable engineering solutions, leveraging its extensive network of yards and a highly skilled workforce worldwide. Its heritage includes the long-standing expertise of Sembawang Marine in shipbuilding and repair.