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Marco Polo Marine announced, on April 17, that its maiden commissioning service operations vessel (CSOV) is scheduled for delivery in September.
The CSOV will be deployed in Taiwan for a Vestas project in early October 2024.
The CSOV, which measures 83 metres long and can accommodate up to 110 people, will be the first such vessel to be designed in Asia.
The news comes after Marco Polo Marine 5LY 2.94% unveiled its plans to build, own and operate a CSOV in September 2022, in a bid to meet the increasing demand from vessels to support the offshore wind farm industry in Asia.
Marco Polo Marine’s Taiwan-based subsidiary, PKR Offshore Co., Ltd, signed a framework agreement with Vestas Taiwan to deploy the CSOV across offshore wind farms in the Asia-Pacific region for three years.
PKR Offshore secured a project finance loan from Bank SinoPac Taiwan for the CSOV project on April 15.
Shares in Marco Polo Marine closed at 6.8 cents on April 16.
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