Marco Polo Marine has reported a significant increase in its financial performance for the first quarter of 2026, with revenue reaching S$32.8m, marking a 27% year-on-year rise. This growth is attributed to enhanced ship chartering revenue and an improved gross profit margin, which climbed to 14% from 10.6%. Maybank Research forecasts that the second quarter of 2026 will surpass the first, with the third quarter expected to reach seasonal highs.
The company’s fleet utilisation also saw an improvement, rising from 71% in the first quarter of 2025 to 76% in the same period this year. This increase has bolstered revenue growth despite the expansion of the fleet. Marco Polo Marine is poised for rapid growth from the fiscal year 2026 to 2030, supported by its experienced leadership and industry expertise.
The shipbuilding segment is anticipated to play a more significant role in the latter half of 2026, with the introduction of the next-generation CSOV Plus expected to further boost profitability in the fiscal years 2028 to 2029. Marco Polo Marine is strategically positioned to seize opportunities in both ship chartering and shipbuilding, thanks to its reputable management team and expanding operational capacity.
The company will hold its first-quarter results briefing on 20 February 2026, at the Ocean Financial Centre in Singapore, where management will discuss the group’s financial performance and key business developments.
