Broker Name: Maybank Research Pte Ltd
Date of Report: March 18, 2026
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Marco Polo Marine’s Taiwan subsidiary, PKRO Offshore, secured a 15-year emergency towage and salvage charter contract worth SGD118m with Taiwan’s Marine Port Bureau, providing stable, predictable earnings and expanding its fleet operations into emergency response and salvage.
- Industry veteran Michael Kum increased his stake in Marco Polo Marine to 5.77%, signaling confidence in the company’s growth prospects, which are expected to accelerate from FY26E to FY30E on fleet expansion and potential new shipbuilding contracts.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website: https://www.maybank.com/investment-banking
