- Marco Polo Marine (SGX:5LY) secured a S$198m contract to build a 4,000 gross tonne oceanographic research vessel over 4 years, which will add ~S$50m in shipbuilding revenue pa and S$4m in profit pa at an 8% net margin. The company will also add 2 AHTS vessels by the end of FY26, as well as begin building its CSOV Plus vessel in 2Q26.
- - Read this at SGinvestors.io -
S$198m shipbuilding contract – largest ever
- The S$198m contract represents a significant milestone for Marco Polo Marine’s shipbuilding operations and underscores its growing capabilities in specialised vessel construction. The vessel will add roughly S$50m in shipbuilding revenue annually and contribute about S$4m profit/pa for 4 years at an estimated 8% net margin.
New CSOV and AHTS will boost EPS
- - Read this at SGinvestors.io -
- Marco Polo Marine will also be adding 2 new AHTS vessels worth US$34m, which will expand its fleet from 19 to 21 by the end-of2026. The AHTS vessels are likely to be chartered out at an average of ~US$10–11k/day, which adds up to about US$3–3.5m pa per vessel.
Has capacity to build 2 more large vessels
- Read more at SGinvestors.io.
