Singapore Exchange Mainboard-listed Marco Polo Marine Ltd together with its subsidiaries has secured multiple multi-year contracts since November 2014.

These contracts are representative across time and bare-boat charter arrangements with contracts secured with new clients, contracts being renewed as well as option extensions being exercised with existing clients who have established relationships and have been working in tandem with the Group.

These contracts collectively also represented further diversification of the Group’s Offshore Supply Vessel (OSV) fleet with an additional Maintenance and Accommodation Work Vessel (AWB) and enhanced presence in Malaysia which is relatively more mature with offshore oil and gas development in South-East Asia as well as penetration to a new market, i.e. Vietnam, which together with Indonesia, represent relatively more nascent stage of development with offshore oil and gas exploration work.

Tags: Marco Polo Marine Ltd