Marco Polo Marine - Maybank Research 2026-03-18: S$118m Long-term Contract With Taiwan’s Marine Port Bureau

• Marco Polo Marine (SGX:5LY)'s subsidiary, PKRO Offshore, on 17 March announced a 15-year emergency towage and salvage services charter contract with Taiwan’s Marine Port Bureau worth S$118m.

Clear and bright outlook

• - Read this at SGinvestors.io -
• On 5 March 2026, marine industry legend Michael Kum increased his stake in Marco Polo Marine to 5.77% at S$0.13/share, further validating the positive outlook we see for Marco Polo Marine.

First long-term government charter

• - Read this at SGinvestors.io -
• PKRO will provide dedicated emergency towing and salvage services within Taiwan's territorial waters and the surrounding offshore wind farm areas. The vessel will be required to operate under harsh weather conditions, maintaining high operational readiness to respond to maritime incidents involving disabled, grounded, or drifting vessels.
• The contact value is S$118m, evenly distributed for 15 years at S$7.87m annually starting April/June 2026. We believe that this is positive as it provides a stable and predictable long-term earnings contribution to Marco Polo Marine.

Marine legend ups stake to 5.77%

• 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:
2026-02-19 Marco Polo Marine - Positive 1QFY26; 2Q-3Q26 Should Be Even Better.

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