Asia

Marco Polo Marine wins series of contracts

Singapore: Offshore operator Marco Polo Marine has announced that the company has secured multiple contracts over the last two months, with both contracts secured with new clients, contracts being renewed as well as option extensions being exercised.

The series of deals is worth over $46m and includes a bareboat charter contract secured in December 2014 with a new-build maintenance and accommodation workboat vessel expected to start in April 2015, plying in Malaysian waters. Renewals include vessels working contracts in Indonesia, Australia and the Gulf of Thailand.

Sean Lee Yun Feng, ceo of Marco Polo, commented: “It is gratifying to note with our integrated strategy with focus on regional waters as well as OSVs plying in relatively shallow waters is demonstrating signs of resilience in current market conditions. Amidst the recent somewhat relentless decline in oil prices, we are heartened that we are able to compete effectively by securing new contracts as well as renew existing ones.” [06/01/15]

 
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