Marco Polo Marine has secured contracts worth $100 million spanning over the next three years, according to a release dated Sept 17.
The group says that this reflects on its diverse fleet deployment across high-growth sectors including offshore oil & gas and renewable wind energy.
Marco Polo Marine says that strong auction activity in major markets like Europe and China will benefit sustained demand for more specialized marine vessels, particularly in North Asia where Commissioning Service Operation Vessels (CSOV) and Crew Transfer Vessels (CTV) are deployed.
In ship chartering, revenue from rechartering vessels in Taiwan remains subdued due to project phasing, but new CTV additions and income from the CSOV "Wind Archer" since mid-April are expected to contribute through the rest of this year and in FY2026.
Shares in Marco Polo closed 0.1 cents higher or 1.351% up at 7.5 cents on Sept 17.
