Marcopolo Marine

What Marcopolo Marine does

Marco Polo Marine Limited is a Singapore-based, SGX-listed integrated marine logistics group founded in 1991 that operates across three segments: shipyard services, offshore energy support, and marine transportation. The shipyard segment, run through Marco Polo Shipyard and MP Marine in Batam, Indonesia, delivers vessel design and build, repairs and maintenance, conversion, and ISO 30000:2009-certified green ship recycling compliant with EU and international maritime standards. The offshore energy segment, operated through PKR Offshore (Taiwan) and PT BBR (Indonesia), charters specialized vessels including CSOVs, CTVs, AHTS, PSVs, and Accommodation Work Boats to offshore wind developers and oil and gas companies across Taiwan, Japan, South Korea, and Southeast Asia. Marine transportation provides tugs, deck cargo barges, and self-propelled barges for bulk-handling logistics.

The company generates revenue through a mix of long-term charter contracts (subscription/recurring) and project-based shipyard construction and recycling work (one-time). Recurring charter revenue grew 40% year-on-year in H1 FY2026 to S$74 million, driven by the Wind Archer CSOV and expanding offshore wind activity. The customer base is concentrated in enterprise B2B and government channels, including Ørsted, Vestas, Siemens Gamesa, Taiwan's National Academy of Marine Research (NT$4.7B research vessel contract), and the Taiwan Government (NT$2.9B 15-year emergency towing and salvage charter). Go-to-market is direct enterprise sales and CEO-led business development. In May 2026, the company announced a reverse takeover of Catalist-listed Fuji Offset Plates Manufacturing to spin off the shipyard business for up to S$139 million while retaining 74.1% control, alongside plans to separately list the wind platform as a distinct entity. The strategy is to capture cleaner valuation and capital-raising flexibility for each business unit as Asia's offshore wind sector scales.

Name

Marcopolo Marine

Legal name

Marco Polo Marine Limited

Website

https://marcopolomarine.com.sg

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Marco Polo Marine is a Singapore-based, SGX-listed integrated marine logistics group operating shipyard services in Batam, offshore energy vessel chartering through PKR Offshore and PT BBR, and marine transportation, serving offshore wind developers, oil and gas companies, and government maritime agencies across Taiwan, Japan, South Korea, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Marine Logistics and Offshore Support Services

NAICS

Ship and Boat Building (3366), Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730), Water Transportation (4400)

akta.pro primary industry

Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI)

akta.pro secondary industry

Piping, HVAC & Auxiliary Systems Repair (TLAKAKAH)

Keywords

• Offshore wind vessels
• Ship chartering services
• Shipyard repair maintenance
• Offshore support vessels
• Marine logistics services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Ship Chartering: Chartering of offshore support vessels including Crew Transfer Vessels (CTV), Anchor Handling Tug Supply (AHTS), Platform Supply Vessels (PSV), and Accommodation Work Boats to offshore wind and oil & gas companies. Revenue grew 40% year-on-year driven by stronger performance.
2. Shipyard Services: Design and build, repairs and maintenance, conversion, and green ship recycling services at the company's shipyard in Batam, Indonesia. Part of proposed reverse takeover transaction valued at S$139 million.
3. Government Charters: Long-term government charter contracts for maritime safety and offshore wind sector operations, including the NT$2.9 billion 15-year contract in Taiwan for emergency towing and salvage services.
4. Research Vessel Construction: Construction of specialized oceanographic research vessels including the NT$4.678 billion contract for Taiwan's National Academy of Marine Research, the company's largest-ever win.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels3 records

Core offering

Marco Polo Marine is an integrated marine logistics group that operates three segments: shipyard services (vessel design, build, repair, maintenance, conversion, and ISO 30000:2009 certified green recycling at its Batam, Indonesia facility), offshore energy support (chartering specialized vessels such as CSOVs, CTVs, AHTSs, and PSVs to offshore wind and oil & gas operators through subsidiaries PKR Offshore and PT BBR), and marine transportation (chartering of tugs, deck cargo barges, and self-propelled barges for bulk cargo logistics). The company sells directly to enterprise and government clients under multi-year charter contracts and project-based newbuild agreements.

Product overview

Marcopolo Marine is an integrated marine logistics group offering a multi-segment portfolio comprising shipyard services (design, build, repairs, maintenance, conversion, and green ship recycling), offshore energy support (through subsidiaries PKR Offshore in Taiwan and PT BBR in Indonesia), and marine transportation (tugs, barges, and offshore vessels). The company operates a diverse fleet including Steel Tugs (10), Steel Deck Cargo Barges (8), Self Propelled Barges (2), Crew Transfer Vessels (5), Commissioning Service Operation Vessels, Anchor Handling Tugs, Anchor Handling Tug Supply Vessels (9), Platform Supply Vessels, and Accommodation Work Boats. The company is expanding into offshore wind energy with new vessels like the Wind Archer CSOV and has secured major contracts including a NT$4.7 billion oceanographic research vessel for Taiwan's National Academy of Marine Research.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 15-20% carbon emissions reductions with hybrid energy storage system on Wind Archer CSOV
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, supportive and strategic.

• ØrstedcoreStrategic or Co-development PartnerLong-term collaboration with Ørsted, one of the world's largest offshore wind developers, for offshore wind farm operations in Taiwan. Years of relationship building led to established partnership for vessel chartering and support services.
• Siemens GamesacoreStrategic or Co-development PartnerLong-term collaboration with Siemens Gamesa for offshore wind turbine support and commissioning services across Asia-Pacific. Key partnership supporting growth in offshore wind sector.
• VestascoreStrategic or Co-development PartnerPartnership with Vestas, a major wind turbine manufacturer, for offshore wind support services in Asia-Pacific region.
• K Line Wind ServicecoreChannel Partner/ Reseller/ DistributorKey partnership with K Line Wind Service in Japan for offshore wind operations, expanding company's geographic footprint in Japanese market.
• NSELcoreChannel Partner/ Reseller/ DistributorPartnership with NSEL in South Korea for offshore wind market operations, supporting expansion into Korean market.
• Enterprise SingaporesupportiveOthersEnterprise Singapore provided support through a risk-sharing structure for the NT$4.7 billion oceanographic research vessel project awarded by Taiwan's National Academy of Marine Research.
• SkipstekniskstrategicTechnology or IntegrationNorwegian naval architecture firm Skipsteknisk provided vessel design for the 4,000GT oceanographic research vessel, featuring dual classification and advanced marine systems.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Vroon: Dutch-based offshore vessel operator with a global fleet of offshore support vessels serving offshore wind, oil & gas, and aquaculture. Highly comparable to Marco Polo Marine in OSV chartering and Asia-Pacific offshore wind exposure.
• Vallianz Holdings: Singapore-based offshore support vessel operator serving the oil & gas industry in the Middle East and Southeast Asia. Closest geographically-comparable OSV peer to Marco Polo Marine with a similar regional focus.
• DOF Group: Norwegian offshore vessel operator with AHTS, PSV, and subsea construction vessels, including growing offshore wind exposure. Direct OSV peer with overlapping fleet composition and customer base in offshore energy.
• Bourbon (offshore): French offshore marine services provider operating a large fleet of AHTS and PSV vessels serving offshore oil & gas and emerging offshore wind markets. Direct OSV peer post-restructuring.
• Solstad Offshore: Norwegian offshore service vessel owner/operator with a large global fleet of AHTS, PSV, and subsea construction vessels. Direct competitor for offshore wind support vessel contracts in European and Asian markets.
• Edison Chouest Offshore: Privately-held US-based offshore vessel operator with a diverse global fleet serving offshore oil & gas and offshore wind. Competes with Marco Polo Marine for offshore wind CTV and SOV contracts and represents the model of an integrated offshore vessel platform.

Broad incumbents

• MISC Berhad: Malaysian energy-related maritime solutions and offshore services provider with a large offshore vessel fleet. Comparable regional offshore vessel operator serving the oil & gas and offshore energy sectors.
• Keppel Corporation: Singapore-based conglomerate with offshore & marine engineering and offshore wind installation capabilities. Broader incumbent that competes with Marco Polo Marine in offshore wind vessel newbuilds and offshore services.
• Tidewater Inc. Largest global operator of offshore support vessels serving the energy industry. A broad incumbent in the same offshore vessel chartering category as Marco Polo Marine, with much larger scale and global footprint.

Regional players

• PACC Offshore Services Holdings (POSH): Singapore-listed offshore support vessel operator serving mainly the Asia-Pacific offshore oil & gas market. Closest Asia-headquartered listed peer to Marco Polo Marine with similar OSV fleet composition.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@marcopolomarine.com.sg-MPM

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marcopolo Marine