Marco Polo Marine - Maybank Research 2025-10-06: Fleet Size Expansion: CSOV + AHTS

• Marco Polo Marine will collaborate with Norway’s Salt Ship Design to build its new CSOV Plus vessel at its Batam shipyard from 2Q 2026 with delivery scheduled for 4Q 2028. Marco Polo Marine will also buy 2 new AHTS vessels worth US$34m which will expand its fleet size to 21 from 19 by end-2026. (See Marco Polo Marine's announcements in September 2025.)
• - Read this at SGinvestors.io -

New CSOV coming in 2028 – may add 30-35% EPS

• - Read this at SGinvestors.io -
• Its current CSOV generates about US$50- 60k/day, or US$17.5m/year revenue based on 80% utilisation, and potentially a US$5-6m NPAT annually which is quite significant.

2 new AHTS worth US$34m

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Previous report by Maybank:
2025-08-26 Marco Polo Marine - Taiwan Listing Incoming?.

Price targets by 2 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