Singapore Marine Engineering Workshop – Turnaround / Takeover Opportunity

The business is currently under-utilised due to limited new contracts and lack of operating capital. The owner wishes to retire gradually and is open to: Full sale or takeover of the business entity and workshop lease, or Partnership / investor involvement to revive and expand operations

Cam Marine Services & Trading is a long-established sole-proprietorship engaged in
marine diesel engine repair, overhaul, and related mechanical services. The business
operates from a 1,500 sq ft workshop located in Tuas, Singapore — a prime industrial area
for marine and offshore engineering. Operations are currently minimal due to industry
slowdown and limited cash flow. The owner, aged 74, is the sole operator with on-call
technicians engaged for specific projects. The business is debt-free apart from normal
utilities and rental obligations, and all work has been carried out with high technical
standards over decades of service to local shipyards, tugboat operators, and small vessel
owners.
Highlights
• Well-located industrial workshop in Tuas with 3-phase electrical supply, lighting, and
work benches.

• Specialized experience with high speed marine diesel engines (Cummins, Deutz, Detroit
Diesel, Caterpillar) , jet systems (Hamilton Jet) Nico,twin disc,ZF gearboxes and clutches
• Flexible manpower structure – experienced daily-rated marine technicians available when
needed.
• Ready business shell with UEN, bank account, and local reputation, suitable for takeover
or expansion by a new entity.
Reason for Sale
The business is currently under-utilised due to limited new contracts and lack of operating
capital. The owner wishes to retire gradually and is open to: Full sale or takeover of the
business entity and workshop lease, or Partnership / investor involvement to revive and
expand operations.
Opportunities for Buyer / Investor
• Acquire a ready-to-operate marine workshop with existing industrial tenancy – no need to
secure new premises.
• Immediate entry into Singapore’s marine repair and maintenance sector, leveraging the
business’s long industry presence.
• Potential to diversify into allied trades such as pump overhaul, fabrication, or shipyard
subcontracting.
• Workshop space suitable for component refurbishment or light engineering production.
• Owner willing to remain on board for 3–6 months for smooth transition and knowledge
hand-over.
Financials & Lease Information
• Workshop area: approx. 1,500 sq ft
• Monthly rent: around SGD 1,650 (subject to confirmation with JTC)
• Lease term: current tenancy until Oct 2025, renewable
• Employees: Sole proprietor with part-time daily-rated support workers
• Current turnover: Minimal, business operating at low capacity
• Assets: Basic marine tools, equipment, benches, and electrical setup
Deal Terms / Asking Price
• Asking Price: Negotiable – focus on takeover of workshop lease, assets, and goodwill
• Open to collaboration, joint venture, or complete buy-out.
• Owner willing to assist during transition and introduce existing industry contacts.
Contact Details
Cam Marine Services & Trading
16C Tuas Avenue 1, #09-49, Singapore 639535
Contact: Mr Zahari Taib
Email: cammarine951@gmail.com
Mobile no 82824125