Marco Polo Marine bags $100m ship chartering deals
The contracts span the next three years.
Marco Polo Marine Ltd. has secured contracts totalling $100m as of 30 June 2025, which will be rolled out in the next three years.
In a bourse filing, the company said this reflects its “diverse fleet deployment across high-growth sectors, including offshore oil & gas and renewable wind energy, reinforcing its position as a key player in maritime solutions.”
Marco Polo Marine is enhancing its operational capabilities by focusing on the expanding renewable energy market. With strong auction activity in major markets, such as China, Europe, the US, and Northeast Asia, the company expects to benefit from sustained demand for specialised marine vessels.
Currently, Marco Polo Marine’s commissioning service operation vessel (CSOV) and crew transfer vessels (CTV) are deployed in Northeast Asia.
“Marco Polo Marine’s pioneering CSOV investment is validated through its growing applications across energy sectors. Clarksons Research notes that eight CSOVs, originally designed for offshore wind, are now servicing oil & gas operations, highlighting their versatility,” the company said.
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 fiscal year (FY) 2026.
Additionally, the completion of Marco Polo’s fourth dry dock enhances its shipyard capacity, with additional performance contributions anticipated in the fourth quarter of FY 2025 and FY 2026 as operations ramp up.
