Marco Polo Marine's net profit down 3% in H1

It remains optimistic amidst a stable offshore oil and gas market and offshore wind expansion.

Marco Polo Marine has reported a 3% decline in its net profit, to reach $10.6m in the first half (H1) of 2025.

In a bourse filing, the company said revenues from ship chartering slightly fell to $32m in H1 from $32.9m a year ago. Meanwhile, shipbuilding & repair generated $20.7m revenue from $28.7m last year.

“Offshore oil and gas industry continues to project a stable outlook, due to supply constraints caused by prolonged underinvestment during previous market downturns,” the company said.

“The offshore wind sector is expecting growth, driven by heightened investments in the energy transition and a strategic emphasis on energy security,” it added.

Marco Polo Marine expects the fourth dry dock to contribute meaningfully to income in the fiscal year (FY) 2026. Meanwhile, CSOV and 3 CTVs in Taiwan are expected to have a meaningful impact to income in the fourth quarter of FY 2025 and FY 2026.