The agreement builds on a long-standing and successful partnership between the two companies that spans more than 15 years. First formalized in 2008 through a joint venture, the collaboration has delivered proven submarine rescue solutions and supported the ongoing operational excellence of RSN’s submarine rescue system. The new MoU will combine JFD’s proven submarine rescue capabilities with ST Engineering’s in providing turnkey shipbuilding, repair, and conversion services.
The companies will develop further opportunities to partner across submarine rescue, commercial shipbuilding, and critical underwater infrastructure.
The agreement also creates a framework for broader international collaboration, providing both companies with increased flexibility to extend the partnership into new geographies beyond Singapore.
Jean Vernet, CEO, James Fisher and Sons plc, said: “This partnership with ST Engineering Marine exemplifies our strategic focus on global expansion through collaboration and innovation. The decades of support we have provided to the Republic of Singapore Navy highlights the depth and trust in our relationship.
“We look forward to broadening this collaboration into new fields and partnering together to support navies around the world as they grow and evolve.”
Tan Leong Peng, President of Marine, ST Engineering, said: “Our partnership with JFD Global on the submarine support and rescue vessel underscores the success of our collaboration. With this MOU, we will leverage our complementary strengths to explore emerging opportunities and new markets for subsea shipbuilding, commercial newbuilds, and MRO.”
