Jicore Group

What Jicore Group does

Jicore Group International LTD is a privately held Canadian industrial services company founded in 2003 and headquartered in Markham, Ontario. It delivers a vertically integrated portfolio across marine engineering and naval architecture, oil and gas services, civil engineering, consulting, and trading for enterprise and government clients in North America, Southeast Asia, and the Middle East. The company designs, fabricates, and supports vessels ranging from small river barges and working craft to passenger ferries, cutter suction dredgers, and offshore platform modules, and operates owned shipyard capacity through its JicoreGlobalOne subsidiary at 48 Tuas Road, Singapore, plus a shipyard in Lumut, Malaysia.

Its technology is grounded in conventional naval architecture and marine engineering rather than software: key capabilities include preliminary and detailed vessel design, fabrication and construction oversight, marine surveys and operational support, EPCM civil engineering (notably water treatment and ductile iron piping), and specialized oil & gas equipment such as API-compliant 26-ton offshore davits and 20,000 psi high-pressure water blasting systems. Classification and certification work is performed to ABS, Bureau Veritas, and API standards. Named deliverables include a 28M seabed leveller water injection dredger, a 22M RoRo passenger and light truck ferry, a 120-men living quarter for a B-class jack-up rig, and 11 km of crude oil pipeline supply.

Jicore generates revenue through project-based engagements: one-time vessel fabrication and supply contracts, professional services for oil & gas equipment and EPCM civil works, consulting fees for Iraq market entry support, and transaction-based trading agency commissions. GTM is direct enterprise field sales via regional offices in Canada, Malaysia, Singapore, and the Middle East, leveraging industry relationships and a track record of on-time delivery in challenging environments. The customer base is concentrated in Iraqi oil and municipal infrastructure (South Oil Company, North Oil Company, Al Basra Offshore Crude Oil Terminal, Al Samawa Province, Old Najaf City) and Southeast Asian port and offshore clients (Penang Port), with no disclosed pricing or recurring contracted revenue beyond the recently launched Marine Services line.

Name

Jicore Group

Legal name

Jicore Group International LTD

Website

https://jicore.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Jicore Group is a privately held Canadian industrial services company that designs, builds, and maintains marine vessels, delivers oil & gas and EPCM civil engineering projects, and provides consulting and trading services for enterprise and government clients across Canada, Southeast Asia, and the Middle East.

Ownership category

akta.pro rank

Product category

Industrial Engineering Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Other Specialty Trade Contractors (2389), Management, Scientific, and Technical Consulting Services (5416)

SIC

Oil & Gas Field Services, Nec (1389), Special Industry Machinery, Nec (3559)

akta.pro primary industry

Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD)

akta.pro secondary industry

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

Keywords

• Marine engineering services
• Naval architecture design
• Shipbuilding construction
• Oil and gas EPCM
• Civil engineering infrastructure

Headquarters

HQ city

Markham

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Marine Engineering & Shipbuilding Services: Project-based revenue from designing, building, and supplying vessels including mooring boats, working craft, survey boats, dredgers, passenger ferries. Includes technical design, fabrication, maintenance and ongoing operational support.
2. Oil and Gas Sector Services: Provision of offshore and onshore services including equipment supply, machinery maintenance, pipeline installation, and support for global and regional corporations.
3. Civil Engineering Projects: EPCM (Engineering, Procurement, Construction and Maintenance) projects including water treatment projects, piping systems, and infrastructure construction.
4. Consulting Services: Business support services including market intelligence, identifying Iraqi business opportunities, technical and commercial negotiation support, and engineering consulting.
5. Trading Services: Purchasing, negotiation and contracting with sub-contractors and suppliers, pursuing new opportunities in challenging locations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Jicore Group is a privately held Canadian industrial services firm that delivers marine engineering, naval architecture, and shipbuilding services alongside oil and gas EPCM, civil engineering, consulting, and trading services. The company serves industrial clients with turnkey vessel design and construction, offshore and marine infrastructure projects, and engineering consulting across Canada, Malaysia, Singapore, and the Middle East. Revenue is generated through project-based engineering, construction, and consulting engagements.

Product overview

Jicore Group is an industrial services company offering an integrated portfolio of marine engineering, naval architecture, shipbuilding, oil and gas sector services, civil engineering, consulting, and trading services. The company operates across three continents with core offerings including Marine Engineering (vessel design, fabrication, maintenance, and operations), Naval Architecture (vessel design from barges to passenger ferries), Marine Services (inspections, maintenance, repairs, and operational support), and Civil Engineering (EPCM projects in water treatment and piping). The company also delivers specialized shipbuilding products including the 28M Seabed Leveller water injection dredger and 22M RoRo Passenger Ferry. Oil and gas sector services include offshore lifting hoists, high-pressure water blasting systems, and pipeline projects. Consulting services provide market intelligence and technical expertise for Iraq market entry, while trading services cover purchasing and subcontractor management. All services are delivered through a network of offices in Canada (headquarters), Malaysia, Singapore, and the Middle East.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Engineering Services

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• JicoreGlobalOnecoreStrategic or Co-development PartnerJoint venture shipyard facility in Singapore (JicoreGlobalOne Yard, 48 Tuas Road, Singapore) used for offshore fabrication and marine vessel construction projects including Platform Renewal Project and Offshore Accommodation Modules.
• Port Authorities (various)minorStrategic or Co-development PartnerCompleted projects designing, building and supplying fleets of mooring boats, working craft, survey boats and large cutter suction dredgers for port authorities.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Iraq Engineering and Construction Companies (e.g., IMC, local Iraqi EPC firms): Iraq-based engineering and construction contractors executing water, pipeline, and civil infrastructure projects for Iraqi ministries and oil operators — directly competing regional peers for the same municipal and O&G project pipeline Jicore services in Iraq.

Direct peers

• Lamprell Energy: Middle East-focused offshore services and rig construction company competing directly with Jicore in the Gulf/Arabian Peninsula region for offshore platform builds, refurbishment, and oil & gas field services.
• Sembcorp Marine: Singapore-based offshore and marine engineering company with rig-building, offshore platforms, and ship repair capabilities that overlap with Jicore's Singapore-yard-driven offshore fabrication services.
• Royal IHC: Dutch builder of dredging and offshore vessels (cutter suction dredgers, trailing suction hopper dredgers) — closely comparable to Jicore's water injection dredger / seabed leveller builds and offshore fabrication capabilities.
• McDermott International: Offshore EPC contractor for the energy industry, providing platform design, fabrication, and installation — competes with Jicore on offshore platform renewal, accommodation modules, and oil & gas infrastructure projects in the Middle East.
• Keppel Offshore & Marine: Major offshore engineering and shipbuilding group with yards across Singapore and globally; competes with JicoreGlobalOne Yard for offshore platform upgrades, accommodation modules, and rig refurbishment contracts, especially in the Middle East.
• Damen Shipyards: Large Dutch shipbuilder with broad portfolio of workboats, ferries, dredgers, and offshore support vessels — directly comparable to Jicore's naval architecture and shipbuilding services for ports, municipalities, and oil & gas operators.
• Vard (Fincantieri): Global shipbuilder specializing in offshore and specialized vessels, including offshore service vessels, fishing vessels, and passenger ferries — closely mirroring Jicore's marine engineering and naval architecture offerings, with a similar project-based, design-and-build model.

Broad incumbents

• Saipem: Large integrated oilfield services and offshore engineering company with EPCI capabilities across pipelines, platforms, and offshore structures — broader portfolio than Jicore but competes for similar Middle East offshore and pipeline scopes.
• Wärtsilä: Marine and energy technology provider with ship power, propulsion, and lifecycle services — an established broader incumbent partnering with shipbuilders like Jicore on vessel integration and lifecycle support.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/jicoregroup

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jicore Group