- Business
- Beng Kuang Marine Limited (SGX: BEZ) is a Singapore-based investment holding company providing infrastructure engineering and corrosion prevention services to the marine and offshore energy industries, particularly floating production storage and offloading (FPSO) and floating storage and offloading (FSO) markets; its core offerings encompass shipbuilding and conversion, offshore construction, turnkey projects, sandwich plate system licensing, offshore asset integrity management, project management services, supply of cranes and deck equipment, and rental of industrial equipment and machinery under the Infrastructure Engineering division; corrosion prevention services include abrasive and non-abrasive blasting, paint application, processing and distribution of copper slag, shop blasting and painting, thermal spray coating, and rental of related machinery and equipment. The company also provides freight transport, metallizing, ship repair and internal tank coating, supply and distribution of hardware equipment and tools, industrial and marine automation work, sourcing and procurement for engineering projects, and design, manufacture and fabrication of offshore equipment and ship parts. Founded in 1994 and headquartered in Singapore with operations in Asia, Europe, the Middle East and internationally, Beng Kuang Marine maintains a waterfront yard in Batam, Indonesia, leased through 2037, and listed on the Singapore Exchange Mainboard since 2004. Recent developments include securing new projects worth S$15.9 million in November 2025 under its Infrastructure Engineering division for deck equipment (S$8.1 million) and shipbuilding (S$7.8 million), boosting the 2025 order book to S$22.1 million and enhancing revenue visibility; expansion into chemical cleaning and hot oil flushing services via new subsidiary Clean Concept Works targeting oil and gas FPSO fluid systems; and an internal restructuring and rebranding of onshore and offshore activities within Infrastructure Engineering to adopt an asset-light model following the 2021 closure of ship chartering, hardware distribution and bottled water businesses.