Marco Polo Marine’s subsidiary, PKRO, has secured a significant 15-year charter contract with Taiwan’s Marine Port Bureau, valued at NT$2.948b (approximately S$118m). This contract, which involves providing emergency towage and salvage services, marks PKRO’s first long-term government charter in Taiwan and is a pivotal step in the group’s regional expansion strategy.
The contract is expected to deliver long-term, recurring revenue, enhancing the group’s financial stability. It also diversifies Marco Polo Marine’s fleet portfolio beyond its current Crew Transfer Vessel (CTV) and Construction Support Operations Vessel (CSOV) operations. Sean Lee, CEO of Marco Polo Marine, expressed pride in the award, stating, “This award is a strong validation of PKRO’s operational expertise and the Group’s ability to deliver specialised marine services to government clients at the highest standards.”
Lee further emphasised the strategic importance of the contract, noting its role in strengthening Taiwan’s maritime safety infrastructure and supporting the growth of its offshore wind sector. “We look forward to contributing to these objectives whilst delivering stable, long-term returns to our shareholders,” he added.
This contract not only reinforces Marco Polo Marine’s presence in Taiwan but also underscores the confidence of regional clients in the company’s capabilities. As the group continues to expand its operations, this milestone contract is expected to play a crucial role in its future growth and success.
