Lita Ocean
Lita Ocean is a Singapore-based shipyard and marine services company that designs, builds, and repairs aluminium and steel vessels and operates a charter fleet of 60+ boats for government, port, oil-and-gas, and renewable-energy clients across Asia and the Middle East.
- Company typePrivate
- Founded1970
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Lita Ocean does
Lita Ocean is a Singapore-based maritime company founded in the 1970s that operates two integrated divisions: Shipyard Services (design, construction, repair, and fabrication of aluminium, steel, and fibreglass vessels) and Marine Services (charter of a fleet of more than 60 vessels including tugs, barges, ferries, landing crafts, floating cranes, launches, pilot boats, and work boats). The shipyard occupies a waterfront site at 4 Pioneer Sector 1 with 11,000 sqm of hard-standing area and two covered workshops, and the company has delivered over 150 vessels to owners in 15 countries over the past 20 years.
Technical capabilities span conventional high-speed craft through to next-generation propulsion: the company has delivered a 35m Dual Fuel LNG-Diesel Hybrid Hydrographic Survey Vessel ('Mata Ikan') for MPA Singapore featuring a proprietary Lattice Pressure Vessel (LPV) for LNG storage, CFD-optimised hull form verified through European model testing, and Wärtsilä dual-fuel engines, as well as Singapore's first fully electric cargo vessel ('Hydromover') with swappable batteries. Other notable builds include three 60m DP2 Fast Supply Intervention Vessels for Saudi Aramco via Zamil Offshore, 33m crew boats for Qatar, and a 17m Autonomous Surveillance Patrol Craft.
Revenue is generated through three streams: one-off custom vessel construction (project-based sales), professional ship repair and maintenance services, and recurring charter income from the owned fleet. The company sells through direct enterprise relationships with Singapore government agencies (MPA, Police Coast Guard, ICA, PUB), port operators (PSA Marine), Middle East oil-and-gas majors (Zamil/Saudi Aramco, Nakilat SvitzerWijsmuller, Sora Marine Services), and emerging renewables customers (Sembcorp). Pricing is quote-based on custom specifications; revenue is not publicly disclosed and no funding rounds or institutional investors are indicated.
Lita Ocean firmographics
Firmographics- Name
- Lita Ocean
- Legal name
- Lita Ocean
- Website
- https://litaocean.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Lita Ocean is a Singapore-based shipyard and marine services company that designs, builds, and repairs aluminium and steel vessels and operates a charter fleet of 60+ boats for government, port, oil-and-gas, and renewable-energy clients across Asia and the Middle East.
- Ownership category
- akta.pro rank
Lita Ocean industry classification
Industry- Product category
- Shipbuilding and Marine Vessel Manufacturing
- NAICS
- Ship Building and Repairing (336611), Ship and Boat Building (33661), Support Activities for Water Transportation (4883)
- SIC
- Ship & Boat Building & Repairing (3730), Water Transportation (4400)
- akta.pro primary industry
- Pilot Boats & Crew Transfer/Service Craft (Pilotage, CTV-style workboats) (IMAJADAG)
- akta.pro secondary industries
- Search & Rescue (SAR) & Lifeboats (IMAJADAI), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG), Government & Municipal Service Craft (Research, Survey, Inspection, Buoy Tenders) (IMAJADAL), Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Fireboats & Emergency Response Craft (IMAJADAH)
Keywords
Where Lita Ocean is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Lita Ocean business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Shipbuilding and Vessel Construction: Design and manufacturing of aluminium and steel boats for various purposes including crew boats, passenger launches, patrol crafts, pilot boats, supply boats, survey boats and work boats. Revenue generated from new vessel construction projects.
- Ship Repair and Maintenance: Repair and maintenance services for aluminium, steel and fibreglass vessels including modification and conversion jobs. Regular and overhaul maintenance, repair of damaged vessels, aluminium and steel welding, fabrication works, and engine/auxiliaries maintenance.
- Vessel Charter Services: Fleet of more than 60 vessels available for charter including landing crafts, floating cranes, tugs, barges, launches, ferries, pilot boats, mooring boats and multipurpose work boats for diverse marine applications.
- Specialist Marine Services: Tank cleaning, gas freeing, hydro/grit blasting, oil spill response and deployment, and marine consultant services.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
Lita Ocean product offering
Product offeringCore offering
Lita Ocean designs, builds, repairs, and fabricates aluminium, steel, and fibreglass vessels from its Singapore waterfront shipyard, and operates a charter fleet of 60+ vessels for marine applications including crew transfer, cargo, pilotage, patrol, and offshore support. The company serves government agencies, port authorities, oil and gas majors, and marine service providers with custom-built high-speed craft, patrol boats, pilot boats, work boats, passenger ferries, and specialized vessels including LNG-diesel hybrid and fully electric designs.
Product overview
Lita Ocean is a Singapore-based maritime company established in the 1970s offering two main divisions: Shipyard Services and Marine Services. Shipyard Services encompasses shipbuilding, repair, fabrication and marine engineering for aluminium, steel and fibreglass vessels, having delivered over 150 vessels to 15 countries. Marine Services operates a fleet of over 60 vessels available for charter including tugs, barges, ferries, landing crafts, floating cranes, launches, pilot boats and work boats. The company manufactures specific vessel types under its product lines: Crew & Cargo vessels for oil & gas operations, Pilot Boats for port operations, Work Boats for survey/diving/ROV/marine construction, Patrol Boats for enforcement, and Passenger Ferries. Notable products include the 60m Fast Supply Intervention Vessels (FSIV), the 35m Dual Fuel LNG-Diesel Hybrid Hydrographic Survey Vessel for MPA Singapore, the Hydromover (Singapore's first fully electric cargo vessel), 17m Autonomous Surveillance Patrol Craft, 26m Wind Farm Crew Transfer Vessel, and 28m 200 Pax Full-Electric Passenger Ferry.
Differentiator
Problem solved
Functional benefit
Products and services
- Shipyard Services Comprehensive shipbuilding, repair, fabrication, and marine engineering services for aluminium, steel, and fibreglass vessels from the Singapore waterfront shipyard, including regular and overhaul maintenance, repair of damaged vessels, aluminium and steel welding, fabrication works, and engine and auxiliaries maintenance. For government agencies, port authorities, oil and gas operators, and marine service providers.
- Marine Services (Fleet Charter) Charter services featuring a fleet of more than 60 vessels including landing crafts, floating cranes, tugs, barges, launches, ferries, pilot boats, mooring boats, and multipurpose work boats for diverse marine applications including crew transport, cargo, pilotage, and patrol operations. For marine operators and charterers.
- Crew & Cargo Vessels Offshore and nearshore crew boats tailored for the oil and gas industry, designed and built for safety, performance, and efficiency. Deployed to operate for oil and gas majors in Southeast Asia, South Asia, and the Middle East.
- Pilot Boats High-speed pilot boats designed for safe pilot embarkation and disembarkation operations at efficient transfer speeds from port to vessels with maximum passenger comfort. For port authorities and pilotage operators.
- Work Boats Diverse workboat designs for survey, research, diving, ROV, marine construction, harbour towage, and other marine works, renowned for reliability, practicality, versatility, and efficiency. For marine engineering, survey, and offshore service companies.
- Patrol Boats High-performance patrol and enforcement boats requiring advanced skills, quality control, and project management for design and construction. For government agencies including police coast guards, border security, and maritime enforcement authorities.
- Passenger Ferries Passenger ferries, launches, and water taxis focused on safety, comfort, and reliability. Dominates the small ferry market in Singapore and is successful in Africa, the Middle East, and Southeast Asia. For public transport operators and ferry service companies.
- 60m Fast Supply Intervention Vessel (FSIV) DP2 fast supply intervention vessels designed by Incat Crowther, classed to ABS, propelled by quad engines, waterjets, and triple bow thrusters. Complies with latest MCVSR requirements from Saudi Aramco with ABS SMART and IDM-A notations. For offshore oil and gas operators.
- 35m Dual Fuel LNG-Diesel Hybrid Hydrographic Survey Vessel Next Generation Hydrographic Vessel (NGHV) named 'Mata Ikan', designed by SeaTech Solutions and classed to Bureau Veritas. Features Wärtsilä dual-fuel main engines, controllable pitch propellers, electric-driven pump jet, solar panels, and proprietary Lattice Pressure Vessel (LPV) for LNG storage. For hydrographic survey authorities and port authorities.
- Hydromover Fully Electric Cargo Vessel Singapore's first fully electric cargo vessel with swappable batteries, marking a significant milestone in decarbonisation of Singapore's maritime industry. For maritime cargo operators.
- 17m Autonomous Surveillance Patrol Craft Autonomous surveillance patrol craft for enhanced maritime monitoring and security operations. For government maritime security and surveillance agencies.
- 26m Wind Farm Crew Transfer Vessel Crew transfer vessel designed for wind farm operations, facilitating personnel transport to offshore wind installations. For offshore wind farm operators and renewable energy companies.
- 28m 200 Pax Full-Electric Passenger Ferry Full-electric passenger ferry with capacity for 200 passengers, demonstrating commitment to zero-emissions maritime transport. For public transport operators and ferry service companies.
- Specialist Marine Services Specialist services including tank cleaning, gas freeing, hydro/grit blasting, oil spill response and deployment, and marine consultant services. For shipowners, operators, and marine service providers.
Quantifiable outcome
- Successfully delivered over 150 various types of vessels to owners and operators located in 15 different countries over the past 20 years
- +3 more outcomes
Companies that use Lita Ocean
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
Lita Ocean technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Lita Ocean partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- SeaTech Solutions International (S) Pte LtdcoreVessel designer for the 35m Dual Fuel LNG-Diesel Hybrid Hydrographic Survey Vessel 'Mata Ikan'. Provided hull form optimization using Computational Fluid Dynamics (CFD) and design verified through model tests in Europe.
- Bureau Veritas | Marine & OffshorecoreClassification society for vessels ensuring compliance with maritime safety and quality standards. Classed the 35m Dual Fuel Hydrographic Survey Vessel.
- WärtsiläcoreMain engine supplier for the 35m Dual Fuel Hydrographic Survey Vessel. Engines capable of using both LNG and conventional diesel fuel.
- Incat CrowthercoreVessel designer for the 60m Fast Supply Intervention Vessels (FSIV) for Zamil Offshore. DP2 vessels with quad engines, waterjets and triple bow thrusters.
- Sembcorp Energy SingaporeminorPartnership to install over 700 solar panels on the roof at Lita Ocean's Pioneer Sector 1 shipyard, supporting sustainability and renewable energy initiatives at the shipyard facility.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Lita Ocean competitors and assessment
Company assessmentDirect peers
- Strategic Marine: Singapore-based shipbuilder specialising in aluminium high-speed craft, crew boats, patrol vessels and ferries. Direct overlap with Lita Ocean's core product lines (crew boats, patrol boats, passenger ferries) and same Singapore shipyard ecosystem.
- Austal: ASX-listed Australian builder of high-speed aluminium vessels for defense, ferry and offshore crew transfer markets. Closely comparable to Lita in aluminium-hull fast craft for government and commercial operators across Asia-Pacific and the Middle East.
- Safe Boats International: US manufacturer of aluminium patrol, response and workboat craft for law enforcement, military and commercial customers. Closely comparable to Lita's aluminium patrol boat line and SAR/emergency response vessels.
- Grandweld Shipyards: UAE-based shipbuilder focused on offshore support vessels, crew boats and harbour craft serving Middle East oil majors and port operators. Directly competes with Lita on Aramco/Qatari offshore crew boat and FSIV programmes.
- Penguin International: SGX-listed Singapore shipbuilder specialising in fast patrol boats, ferries and offshore support craft using aluminium construction. Operates in the same Singapore niche as Lita across patrol, ferry and crew boat segments.
- Incat: Tasmania-based builder of high-speed aluminium catamarans for passenger ferry and military/crew transfer markets. Comparable to Lita on aluminium high-speed hulls, passenger ferries, and crew transfer vessels.
- Swiftships: US builder of aluminium patrol, mission and workboats for military, homeland security and commercial operators. Closely comparable to Lita on aluminium small craft for defense/security customers.
Broad incumbents
- Sembcorp Marine: SGX-listed Singapore shipyard giant with broad capabilities in offshore platforms, naval vessels, and increasingly green marine solutions. Operates much larger facilities than Lita and competes for many of the same Singapore and regional government/O&G contracts.
- Keppel Shipyard: Singapore-based shipyard arm of Keppel with extensive fabrication, conversion and repair yards. Competes with Lita for harbour tugs, patrol boats, and offshore service vessels through both newbuild and repair streams.
- Damen Shipyards: Netherlands-headquartered global shipbuilder with a very broad portfolio including patrol boats, pilot boats, tugs, ferries and workboats. Overlaps with Lita on pilot, patrol and workboat categories and competes for tenders in the Middle East and Southeast Asia.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Lita Ocean social profiles
Digital presenceLita Ocean financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lita Ocean leadership team
Management profileNumber of profiles
Lita Ocean funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lita Ocean M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lita Ocean
What does Lita Ocean do?
Lita Ocean designs, builds, repairs, and fabricates aluminium, steel, and fibreglass vessels from its Singapore waterfront shipyard, and operates a charter fleet of 60+ vessels for marine applications including crew transfer, cargo, pilotage, patrol, and offshore support. The company serves government agencies, port authorities, oil and gas majors, and marine service providers with custom-built high-speed craft, patrol boats, pilot boats, work boats, passenger ferries, and specialized vessels including LNG-diesel hybrid and fully electric designs.
Is Lita Ocean a public or private company?
Lita Ocean is a private company. It is classified as unknown and is currently operating.
When was Lita Ocean founded?
Lita Ocean was founded in 1970. It employs 101 to 250 people.
Where is Lita Ocean based?
Lita Ocean is headquartered in Singapore, Singapore, in the Asia region.
How does Lita Ocean make money?
Four revenue lines are on record. Shipbuilding and Vessel Construction is the primary driver. The others are ship Repair and Maintenance, vessel Charter Services and specialist Marine Services.
Who are Lita Ocean's main competitors?
Direct peers on record are Strategic Marine, Austal, Safe Boats International, Grandweld Shipyards, Penguin International, Incat and Swiftships. Broad incumbents are Sembcorp Marine, Keppel Shipyard and Damen Shipyards.
Does Lita Ocean have an API?
No public API is recorded for Lita Ocean.
What industry is Lita Ocean in?
Lita Ocean's product category is Shipbuilding and Marine Vessel Manufacturing. Its primary akta.pro industry code is IMAJADAG, Pilot Boats & Crew Transfer/Service Craft (Pilotage, CTV-style workboats), with a secondary code of IMAJADAI, Search & Rescue (SAR) & Lifeboats. Its NAICS code is 336611 and its SIC code is 3730.