MARCO Polo Marine 5LY : 5LY 0%has tied up with F-drones to co-develop electric aerial delivery drones for offshore wind farms.

These large scale drones, which will be the world's first, will be customised for deployment in Asia-Pacific, the mainboard-listed integrated marine logistics company said in a press statement on Thursday (Mar 3).

The group expects the drones to deliver more than 90 per cent cost savings and be 4 times faster than traditional means of transport (that is boats and occasionally helicopters).

F-drones, which has been developing drones to deliver cargoes of up to 100 kilograms over 100 kilometres, will offer its drone technology expertise, while Marco Polo Marine will provide its technical operating and commercial capabilities in the offshore wind sector.

Both parties have entered into a memorandum of understanding as part of the partnership.

Marco Polo Marine chief executive Sean Lee said: "By enabling efficient and sustainable maritime logistics, this collaboration will boost the offshore maritime industry, as it transitions to fuels with a lower or minimal carbon footprint."

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F-drones chief executive Nicolas Ang added: "The world's energy transition not only requires building renewable energy assets but also the ability to service them sustainably."

Shares of Marco Polo Marine ended 3.7 per cent or S$0.001 higher at S$0.028 on Wednesday.