ST Engineering Eyes Offshore Renewables Growth With New Singapore Yard

ST Engineering has officially opened its new shipyard located at 55 Gul Road in Singapore. The move comes as the major engineering company seeks to explore new segments, most notably offshore renewables projects. 

The opening of the new Gul Road yard was spurred by the ending of ST Engineering’s lease on its existing Tuas yard. In a statement, ST Engineering confirmed that it acquired its new Gul Road yard for SGD 95 million ($73.41 million) in February 2023.

At twice the size of ST Engineering’s previous Tuas yard, the Gul Road yard will allow the company to handle larger, more complex projects with enhanced precision and efficiency. Further - the new yard’s expanded capacity will shorten turnaround times, provide improved support for local naval requirements and allow ST Engineering to enter new markets - particularly offshore renewables. 

In a statement, ST Engineering describes the Gul Road yard as a ‘next-generation smart yard, equipped with 5G-digital infrastructure to enable the application of AI-powered technologies for the near term and beyond, with a vast majority of these innovations developed in-house. 

These advanced solutions include a proprietary integrated yard management system, which will oversee all aspects of the yard’s operations. It streamlines workflow management, from planning and resource allocation to tracking project milestones and predicting potential bottlenecks. It also features predictive maintenance to prevent unplanned downtime by detecting early signs of equipment failure, and condition-based monitoring for real-time tracking of equipment and ships’.

It is expected that the new Gul Road yard will be integrated with ST Engineering’s other Benoi Yard to create a single network of facilities that will allow operations to be as optimised as possible. 

Aside from being technologically advanced, the new yard will also have considerable green credentials. According to a statement issued by ST Engineering, ‘the Gul Yard will deploy electric-powered AGVs and buggies to reduce reliance on fossil fuels, as well as implement efficient scrap sorting and recycling processes to minimise waste. Gul Yard is also poised to significantly reduce carbon emissions by 2034 through the adoption of renewable energy sources such as ammonia, hydrogen, biofuel, solar power’. 

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