Back 17 Sep 2025

Marco Polo Marine Secures S$100 Million Ship Chartering Order Book as of June 2025

Link: https://links.sgx.com/1.0.0/corporate-announcements/PM4ICOHS1YTR19CD/62a170248222b1596569302f1edc4d9a9bc1835a7a06b5497c2333b76963eb6b

Summary:

  • The Group's ship chartering order book stands at approximately S$100 million, secured for the next three years, providing revenue visibility and a strong growth outlook.

  • Fleet deployment supports high-growth sectors including offshore oil & gas and renewable wind energy, especially in Northeast Asia.

  • Marco Polo’s CSOV and CTV vessels are strategically positioned to benefit from growing offshore wind energy demand, with 83 GW installed globally and 48 GW under construction as of May 2025.

  • Additional CTVs and income from the CSOV "Wind Archer" will contribute to earnings for the rest of 2025 and into FY2026.

  • Completion of the fourth dry dock at Batam increases shipyard capacity, expected to enhance performance from 4QFY2025 onward.

  • Company remains confident despite geopolitical uncertainties, leveraging opportunities in both traditional and renewable marine sectors.

  1. https://links.sgx.com/FileOpen/Marco%20Polo%20Marine%20-%20Order%20Book.ashx?App=Announcement&FileID=859280