$MARCO POLO MARINE LTD.(5LY.SI) Most offshore wind farms are currently in northern Europe. The United Kingdom and Germany alone accounted for roughly two thirds of the total offshore wind power capacity installed worldwide in 2016. China is now rapidly expanding its offshore wind power capacity, and as of 2022, has surpassed UK and Germany combined.
$MARCO POLO MARINE LTD.(5LY.SI)$ Marco Polo unveiled new designs for wind farm service vessels in March this year and said it has since received keen interest from offshore wind turbine makers and offshore windfarm developers. “We observed that the industry continues to grapple with a CSOV shortage globally and charter rates continue to surge as well as the need to combat climate change. It is a giant leap forward for the offshore maritime industry and we are optimistic about the ability to meet the rising demand for this vessel type with the deployment of its own CSOV in 1Q 2024 tentatively,” stated Sean Lee, CEO of Marco Polo Marine, adding that new announcements will follow once the company has secured charter contracts for the vessel. Singap
$MARCO POLO MARINE LTD.(5LY.SI)$can go long?Lee Wan Tang, the former executive chairman of SGX-listed Marco Polo Marine, has entered into a share purchase agreement on Aug 21 to acquire 121.8 million shares in the company at 3.3 cents apiece.The transaction is expected to be completed on or before Oct 31.Following the purchase, Lee will hold a direct stake of 148 million shares, or 4.19% of the company’s total share capital, from 0.75% previously.Lee’s purchase will value Marco Polo Marine at $106.2 million.
$MARCO POLO MARINE LTD.(5LY.SI)$ Service operation vessels ensure that wind turbines at sea operate safely, while providing the crew on board with comfortable accommodation. It is essential that these vessels' propulsion systems work reliably and safely to ensure maximum manoeuvrability and precision positioning in DP operation.
$MARCO POLO MARINE LTD.(5LY.SI)$Everybody hold hands and let's see Marco to 0.05 or even 0.06.Everything in place, no debts, generate cash, results good, expansion done, charter rates going higher, ex chairman bought more shares, analyst report good. What we need now is a contract or business win announcement.Stay safe, stay invested, stay happy.
$MARCO POLO MARINE LTD.(5LY.SI)$ Sias Investors’ Choice Outstanding chief executive. “This is to recognise CEOs of public listed companies who have demonstrated competency, integrity, excellent communication, good corporate governance and financial performance,” said Mr Gerald at the event in Suntec Singapore Convention and Exhibition Centre. The winners were Keppel Corp CEO Loh Chin Hua, DBS Bank CEO Piyush Gupta, Marco Polo Marine CEO Sean Lee and Sembcorp Industries CEO Wong Kim Yin.
$MARCO POLO MARINE LTD.(5LY.SI)$Marco Polo a lot More media updates recently.... Mostly positive. More ship repair work, more Taiwan project. Smart Fish Farm expected to complete End 2021. Vested.17Aug20 Expand New Market07Jan21 Published Annual Report24Mar21 Corporate Update26Mar21 SGX market Dialogues14May21 1HFY21 Results Announcement18May21 Media Presentation24May21 Strengthen Indonesia foothold14Jun21 Dry Dock Expansion16Jun21 RHB initiates BUY, Target 041.