The Business Times

Marco Polo Marine

Companies & Markets
HOT STOCK

Marco Polo Marine shares retreat after short-lived rally on S$100 million order book wins

Marco Polo Marine describes the move as a “strategic initiative to strengthen its position” in the growing offshore wind energy market.
Companies & Markets

Marco Polo Marine subsidiary PKR Offshore aims for Taiwan listing in 2026

Marco Polo Marine shifted its focus from oil and gas companies to merchant vessels as shipping boomed amid the Covid-19 pandemic.
Companies & Markets

Marco Polo Marine Q3 gross profit slips 4% to S$14 million

The results translate to earnings per share (EPS) of 0.28 Singapore cent, against an EPS of 0.29 Singapore cent in the same period last year. 
Companies & Markets

Marco Polo Marine posts 3.4% decline in H1 profit to S$10.6 million

Marco Polo Marine was looking to pivot into the renewable energy sector, but a vessel charter from a Taiwanese company helped guide the way, said Marco Polo Marine CEO, Sean Lee.
Companies & Markets
TOPLINE

Marco Polo Marine bets on renewables for future growth

Even though the company's revenue declined in FY2024, its gross profit and adjusted net profit after tax had a year-on-year increase of 6 per cent and 4 per cent respectively.
Companies & Markets

Marco Polo Marine responds to Sias on why it raised wages, bonuses despite revenue drop

Its shipyard operated at a higher average utilisation rate of 91 per cent for FY2024.
Companies & Markets

Marco Polo Marine H2 net profit falls 41.5% to S$10.7 million on lower revenue 

Marco Polo Marine shifted its focus from oil and gas companies to merchant vessels as shipping boomed amid the Covid-19 pandemic.
Companies & Markets

Marco Polo Marine Q3 gross profit up 2.6% on favourable supply-demand environment

The results translate to an earnings per share of 0.29 Singapore cents.
Companies & Markets

Marco Polo Marine posts 159.4% rise in H1 profit to S$11 million on higher charter rates

A lack of investment in the oil and gas sector after the oil price crash of 2016 has resulted in muted supply of vessels despite strong demand amid buoyant oil prices.
Companies & Markets

Top-tier maritime players to boost sales, margins on oil rebound and tight vessel supply 

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