Corporate Presentation

June 2019

Our Parentage

PROPERTIES HOSPITALITY

LOGISTICSOTHERS

FOOD & AGRI

Maritime

Agri-

Solutions

Property

Key Milestones

2007 2011 2012 2014 2016 2018Apr

2019

PaxOcean Zhuhai

was formed as a JV

with Guangdong

Yuexin Ocean

Engineering

PaxOcean Zhoushan

yard started operation

and welcomed first Jack

Up COSL 942 for

drydocking

Acquisition of

67% of DDW

SEA and

renamed DDW-

PaxOcean Asia

Rebranding of

the 6 shipyards

as the

PaxOcean

Group

PaxOcean Graha

Batam successfully

completed 15th

Jack-Up Rig

Delivery of 26,000m3

FSRU in PaxOcean

Zhoushan

PaxOcean Holdings

acquired 100%

shares of DDW

PaxOcean Asia and

renamed as

PaxOcean

International

PaxOcean Holdings

acquired 100% shares

of PaxOcean Zhuhai

PaxOcean Group of Shipyards

PaxOcean Singapore PaxOcean Zhuhai

PaxOcean Graha

Zhoushan, China

Zhuhai, China

Singapore

Batam, Indonesia

PaxOcean Zhoushan

PaxOcean Pertama PaxOcean Nanindah

Group Structure

Kuok Singapore Limited

SINGAPORE CHINA CHINA BATAM

Marketing &

Commercial

ProcurementEngineering

& Design

Based in Singapore

PaxOcean Holdings Pte Ltd

(PHPL)

PaxOcean

BatamPaxOcean

ZhoushanPaxOcean

Zhuhai

PaxOcean

Singapore

Newbuilding

Ship Repairs & Conversion

O&G and Offshore Activities

Legend

PaxOcean Singapore – Yard Layout

Total Area: 110,000 m2

Docking up to Handymax-Sized Vessels

Afloat repairs up to Panamax-Sized Vessels

Floating Dock

DOCK LENGTH WIDTH TLC

No. 1 122 M 22 M 3,400

No. 2 195 M 34 M 16,000

No. 3 187 M 36 M 16,000

1

23

PaxOcean Pertama – Yard Layout

Total Area: 272,000 m2 Floating Dock

DOCK LENGTH WIDTH TLC

No. 1 97 M 24 M 3,200

No. 2 186 M 36 M 16,000

Dock V 235 M 40 M 22,000

“New Dock”

(ready by Aug 2019)300 M 59 M 82,000

Docking up to Panamax-Sized Vessels

Afloat repairs up to VLCC-Sized Vessels

PaxOcean Graha- Yard Layout

Total Area: 495,000 m2

Building Berths 3 nos. 80 M x 80 M

2 nos. 170 M x 50 M

Berth 455 M

Equipment Mobile cranes up to 1,250 T

PaxOcean Nanindah – Yard Layout

Total Area: 546,000 m2

Berthing Wharf 2,500 M

Workshop Area 31,900 M2

Equipment Cranes up to 600 tons SWL

PaxOcean Zhoushan – Yard Layout

Total Area: 800,000 m2

Graving Dock

DOCK LENGTH WIDTH

Central 400 M 106 M

West 380 M 80 M

PaxOcean Zhuhai – Yard Layout

Total Area: 200,000 m2

Piping Workshop / Warehouse II

Floating Dock

Launchway 1 & 2

Launchway 3

Office Building Dormitories

Hull Workshops

Blasting & Painting Chambers

2 bay, 210m X 28m

90m X 26m4,000Tons

Twin Tracks,110m X 38m

Core Activities

Offers innovative and cost-effective fast-track conversions. Past conversion

projects include Livestock Carriers, Compact Semi-submersible

Accommodation Vessels, Cable Laying Barges, Offshore Support Vessels,

Tankers and FPSOs.

Conversions

Successful delivery of Jack-up drilling Rigs, Liftboats, OSVs (AHTS, PSVs, Multi-

Purpose Offshore Support Vessels, Pipe Lay Heavy Lift Construction Vessels,

Subsea Support Vessels), Tugs as well as Commercial Vessels Tankers, Cement

Carriers and Bulk Carriers.

Newbuilding

Ship Repairs

Vast experience in the repairs of Dredgers, Capesize Bulk Carriers, LPG Tankers,

Chemical / Product Tankers, Ro-Ro Vessels, Seismic / Heavylift vessels, Hopper

Barges, Cement Carriers, Offshore Support Vessels and Jack-up Drilling Rigs.

Newbuilding

975m3 Spilt Hopper BargeLihr Gold Limited2019

5,000 DWT Chemical TankerPT AKR Sea Transport2018

3,200 BHP ASD Tugs2018

80T Bollard Pull ASD Tug

2018

17,500 DWT Product Oil Tanker2018

8000m2 Livestock CarrierSiba Ships2009

84m Compact Semi-

submersible Offshore Vessel2015CJ46 Gusto MSC

Jack Up Drilling Rig2016

Floating Dock

68m(L) x 24m(W) 20,000 TLC 2016

Conversions

Conversion of Crane Pontoon

to Geotextile Laying Pontoon

Conversion of Crude Oil Tanker

to FSO Barakuda Natuna

Conversion of Flat Top Barge to

Cable Laying Barge

Conversion of Offshore Supply

Vessel to Water Injection Dredger2019 2018

2016 2016

Ship Repairs

Gas Carrier Chemical/Product Tankers Bulkers/Container Vessel OthersOSV/Tug White Boats

Pax_Solutions – Exhaust Gas Cleaning Systems

Select Candidate Vessel.

Economic/feasibility Study

3D Scanning /

Pre-engineering

Select EGCS Manufacturer

Engineering DesignContract for EGCS

Design & Fabrication

Class

Approval

EGCS

Installation

Commissioning /

Testing

After Sale

Support

Completed Scrubber Retrofitting Project

Vessel

Turnaround time

Repair Yard

Delivery

Bulk Carrier

Under 20 days

PaxOcean Batam

March 2019

Upcoming Projects in Year 2019/2020

PaxOcean Batam

PaxOcean Zhoushan

4 x Bulk Carriers

5 x Bulk Carriers

3 x Capesize Vessels

4 x Container Vessels

8 x VLCC

11 x VLOC

Delivering LNG Solutions

LNG Bunkering

FLNG

Floating

Power Plants

Liquid to Power Solutions

60 MW

100 MW

140 MW

200 MW

250 MW

Transportation

3,500 m3 LNG Carrier

7,500 m3 LNG Carrier

8,000 m3 LNG Carrier

15,000 m3 LNG CarrierLiquid to Gas

Solutions

15,000 m3 FSRU

25,000 m3 FSRU

30,000 m3 FSRU

LNG Solutions

Owner South – East Asia Port Operators

Vessel Type50T BP DF Harbour

Tug

50T BP DF

Harbour Tug

5000PS ASD

LNG DF Tug

LNG Tank CapacitiesIMO Type C

1x 26m3

IMO Type C

1x 25m3

IMO Type C

1x 20m3

Estimated Delivery Oct 2019 Aug 2019 July 2019

Design Wartsila Robert Allan PaxOcean

LNG Fueled ASD Tug (In-Progress)

Progress photo in PaxOcean Zhuhai

20 March 2019

Progress photo in PaxOcean Batam

3 June 2019

LNG Solutions

Floating Storage

Regasification Unit (FSRU)

Vessel

Type15,000m3 30,000m3

LNG

Tank

IMO Type C

2x 7,500m3

IMO Type C

4x 7,500m3

Gas Send

out Rate

2x15mmscfd

@45 bar(g)

3x20mmscfd

@45 bar(g)

LNG Carrier

Vessel

Type1,500m3 3,500m3 7,500m3 20,000m3 30,000m3

LNG Tank

IMO

Type C

2x

750m3

IMO

Type C

2x

1,750m3

IMO

Type C

2x

3,750m3

IMO

Type C

3x Bilobe

IMO

Type C

4x Bilobe

Floating Power Plant

Power

(net)

Train

30MW

DF/ Gas

Engine

100MW

CCGT

200MW

LNG CCGT

LNG

Tank- -

IMO Type C

4x 6,500m3

Power

Train4 x 9.8MW

1x 75MW GT

1x 38MW ST

1x OTSG

80/7bar

3x 54MW GT

1x 49MW ST

3x OTSG

80/7bar

LNG Solutions

LNG Tank Capacity

Regas Capacity

Construction Yard

Design

Scope

Delivery

4 x 6,500 M3 Independent Type C Tank

2 x 25mmscfd @12 bar(g)

PaxOcean Zhoushan

PaxOcean

Engineering, Procurement, Construction

Oct 2018

26,000m3 FSRU

Group Achievement

NEWBUILDING 600+Vessels and Barges

Across major vessel classes, including

15 Jack up Rigs and Liftboats

“Aurora V”

56m RoRo/Passenger Ship

Drilling Jack-Up Barge “OSA Goliath”

DP3 Offshore Construction Vessel

“Pac Cekap”

500 TEU Container Vessel

Group Achievement

CONVERSIONSSuccessfully delivered

51 Conversions

“Frontier Duchess”

Drillship Upgrading

“Geo Natuna”

Offshore Support Vessel to Seismic Vessel

“Sea Fortune”

Tanker to FPSO

“Posh Bawean”

Upgrading to Accommodation Vessel

Group Achievement

REPAIRS

Repaired over 3000 Vessels

“COSL 942”

Jack Up Drilling Rig

“Rio Illapel”

47,020 DWT Vehicle Carrier CSAV

“Pearl River”

Lengthening of Vessel“Ore Brasil”

400,000 DWT VLOC

“Leiv Eiriksson”

Heavy Dredger

Avg. 450 vessels per year

New Additions

Our Customers

Thank Youwww.paxocean.com

Corporate Office : No. 1 Kim Seng Promenade

#07-02

Singapore 237994

Tel : (65) 6737 7300

Email : marketing@paxocean.com

PaxOcean Group