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An announcement from Marco Polo Marine Ltd. ( (SG:5LY) ) is now available.
Marco Polo Marine Ltd. has announced the successful reflagging of its new Commissioning Service Operation Vessel, the MP Wind Archer, to the Republic of China, Taiwan. This move underscores the company’s commitment to the growing offshore wind energy sector in Taiwan. The vessel has begun operations and revenue generation, having commenced its maiden charter with Siemens Gamesa Renewable Energy for the Hailong Wind Farm project, marking a significant step in Marco Polo Marine’s strategic expansion in the Asia-Pacific region.
More about Marco Polo Marine Ltd.
Marco Polo Marine Ltd. is a regional integrated marine logistics company, known for its services in the offshore wind energy sector, particularly in the Asia-Pacific region. The company focuses on supporting offshore wind power projects in Taiwan and South Korea, where the industry is rapidly expanding.
YTD Price Performance: -20.75%
Average Trading Volume: 13,233,681
Technical Sentiment Signal: Buy
Current Market Cap: S$157.5M
See more data about 5LY stock on TipRanks’ Stock Analysis page.