Marco Polo Marine has won a $5 million ship repair contract for a recently launched dry dock.
This contract will have a positive impact on the company's shipyard revenue and overall growth for its 4QFY2025 and FY2026.
In addition, the company secured a three-year master service agreement with Cyan Offshore Asia, to provide a range of repair, maintenance and conversion services for this customer's fleet of offshore wind vessels.
"With increased dry dock capacity, we are not only equipped to meet rising demand but also poised to deliver long-term value to our customers and stakeholders as the industry evolves," says CEO Sean Lee.
Marco Polo Marine shares closed at 6.9 cents on Aug 21, up 4.55% for the day and up 38% year to date.