Summary: Marco Polo Marine reported a 3.4% decline in H1 net profit to S$10.6 million, primarily due to a 28% drop in shipyard segment revenue from reduced capacity for third-party shipbuilding projects. Revenue from the ship chartering segment also decreased by 3% due to a decrease in vessel rechartering from Taiwan. Despite these challenges, the company remains optimistic about the offshore oil and gas industry’s stable outlook.

Link: https://www.businesstimes.com.sg/companies-markets/marco-polo-marine-posts-3-4-decline-h1-profit-s10-6-million