ST Engineering unveils new $95m smart shipyard at 55 Gul Road
It was acquired in February 2023 to replace the Tuas Yard.
ST Engineering unveils its new shipyard at 55 Gul Road which will replace its Tuas Yard, whose lease expires this year.
The Gul Yard was acquired in February 2023 for $95m to support the company’s marine business.
Twice the size of Tuas Yard, the Gul Yard is designed to handle larger, more complex projects with shorter turnaround times.
Through Gul Yard, ST Engineering will also explore new markets, including offshore renewables, and oil and gas vessels, as well as refits and upgrades for local and international customers.
The yard is also equipped with 5G-digital infrastructure to enable the application of AI-powered technologies.
To reduce carbon emissions by 2034, the yard adopts renewable energy sources such as ammonia, hydrogen, biofuel, and solar power.
In addition, it will also deploy electric-powered AGVs and buggies to reduce reliance on fossil fuels and implement efficient scrap sorting and recycling processes to minimise waste.
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