Marco Polo Marine - UOB Kay Hian 2025-04-30: Ushering In A New Chapter

• Marco Polo Marine deployed its first CSOV charter with Siemens for five months starting mid-Apr 25, alongside a 3-year framework with Vestas. The ability to fill schedule gaps with short-term charters highlights strong regional demand for support vessels.
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CSOV begins maiden charter with Siemens.

• Marco Polo Marine announced the maiden deployment of its commissioning service operation vessel (CSOV), the MP Wind Archer, to Siemens Gamesa Renewable Energy (Siemens) for offshore wind commissioning works in the Hailong Wind Farm project. This will span from mid-Apr 25 to Aug 25, with an option to extend til Sep 25.

Three-year framework agreement with Vestas still in place.

• - Read this at SGinvestors.io -
• Management has shared that the five-month charter with Siemens aligns with the operational needs of both parties, while ensuring optimal utilisation of the CSOV.

Short-term charter reflects strong market demand for Marco Polo Marine’s CSOV.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-05-13 Marco Polo Marine - 1HFY25 Earnings In Line; Poised For Growth In Offshore Wind Sector.

Price targets by other brokers at Marco Polo Marine Target Prices.

Listing of research reports at Marco Polo Marine Analyst Reports.

Relevant links:
Marco Polo Marine Share Price History,
Marco Polo Marine Announcements,
Marco Polo Marine Dividend Payout Dates & Corporate Actions,
Marco Polo Marine News