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Marco Polo Marine Ltd. ( (SG:5LY) ) has shared an announcement.
Marco Polo Marine Ltd. has announced the strategic expansion of its fleet with the addition of two new Anchor Handling Tug Supply (AHTS) vessels valued at approximately US$34 million. These vessels, expected to join the fleet in 2026, are designed to enhance the company’s capabilities in the offshore oil & gas and renewable energy sectors, particularly in Southeast Asia. This move aligns with the company’s diversification strategy and is expected to bolster its industry positioning.
More about Marco Polo Marine Ltd.
Marco Polo Marine Ltd. is a regional integrated marine logistics company based in Singapore. The company is known for its services in the offshore oil & gas and wind energy sectors, focusing on enhancing operational capabilities and expanding its fleet to strengthen its market position.
Average Trading Volume: 24,253,163
Technical Sentiment Signal: Buy
Current Market Cap: S$281.2M
Learn more about 5LY stock on TipRanks’ Stock Analysis page.