Marco Polo Marine Limited
October 29, 2019
(Apricot Capital became a Major and Strategic Shareholder in Marco Polo Marine Limited on February 2018)
Listed on SGX-ST since 2007, Marco Polo Marine Ltd is an integrated marine logistic company which has expanded to become a reputable player in the marine industry in the region.
The Group’s ship chartering business provides Offshore Supply Vessels (OSVs) as well as tugboats and barges which are being deployed in regional waters to its customers, especially in the offshore oil and gas, mining, commodities, construction and infrastructure sectors.
The Group’s shipyard business undertakes ship building and maintenance as well as repair, outfitting and conversion services in Batam, Indonesia. Occupying a total land area of approximately 34 hectares with a seafront of approximately 650 metres, the modern shipyard also houses three dry docks which have led to the Group scaling up its technical capabilities and service offerings to undertake projects involving work on mid-sized and sophisticated vessels.