Marco Polo Marine

Marco Polo Marine

 A reputable regional integrated marine logistics company which principally engages in shipping and shipyard businesses. Tapping on its core expertise in the shipping industry, the Group is pivoting to the renewables sector, providing customized solutions in the chartering, development, fabrication, and construction of bespoke renewable energy assets for its customers.

FY2022  Results Announcement

Est 15 Feb 2023

Common FAQ

Responses to questions received from AGM 2020

Responses to questions received from AGM 2021

SGX 10 in 10

SGX 10 in 10 as at July 2021

• 23 Aug 2023
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest / Changes in Interest
• 17 Aug 2023
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest / Change in Interest
• 17 Aug 2023
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest / Change in Interest
• 17 Aug 2023
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest / Change in Interest
• 17 Aug 2023
  Employee Stock Option/ Share Scheme::Expiry of Share Options Pursuant to Marco Polo Marine Employee Share Option Scheme
• 17 Aug 2023
  General Announcement::Marco Polo Marine Maintains Strong Growth Momentum
• 24 Jul 2023
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest / Changes in Interest
• 08 Jun 2023
  Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Disclosure of Interest/ Changes in Interest
• 08 Jun 2023
  Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Disclosure of Interest / Changes in Interest
• 30 May 2023
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest / Changes in Interest
• 16 May 23
  General Announcement::1HFY2023 Results Briefing Presentation
• 12 May 23
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest/ Changes in Interest
• 11 May 23
  General Announcement::Media Release: Marco Polo Marine’s EBITDA More Than Doubles
• 11 May 23
  Financial Statements and Related Announcement::Half Yearly Results
• 11 May 23
  Change – Change in Corporate Information::Establishment of Branch Office
• 18 Apr 23
  General Announcement::Media Release: Marco Polo Marine and Amogy to Develop Zero-Emission Solutions for Vessels
• 22 Feb 23
  Annual Reports and Related Documents::
• 15 Feb 23
  General Announcement::Media Release: 1QFY2023 Business Update
• 14 Feb 23
  General Announcement::Minutes of Annual General Meeting held on 31 January 2023
• 31 Jan 23
  REPL::Annual General Meeting::Voluntary
• 30 Jan 23
  Equity Listing – Ordinary Shares::Allotment and Issuance of Shares Pursuant to the Exercise of Warrants
• 27 Jan 23
  Warrant Exercise::Voluntary
• 26 Jan 23
  Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Disclosure of Interest/ Changes in Interest
• 26 Jan 23
  Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Disclosure of Interest/ Changes in Interest
• 20 Jan 23
  Equity Listing – Ordinary Shares::Allotment and Issuance of Shares Pursuant to the Exercise of Warrants
• 17 Jan 23
  Equity Listing – Ordinary Shares::Allotment and Issuance of Shares Pursuant to the Exercise of Warrants
• 12 Jan 23
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest/ Changes in Interest
• 12 Jan 23
  Equity Listing – Ordinary Shares::Allotment and Issuance of Shares Pursuant to the Exercise of Warrants
• 11 Jan 23
  General Announcement::Media Release: Marco Polo Marine secures partnerships in Korea
• 11 Jan 23
  Change – Change in Corporate Information::Incorporation of Indirect Wholly Owned Subsidiary

• Attractive valuation. Assets are primarily backed by hard assets including cash and PPE. The Group owns a shipyard in Batam (occupying more than 34 ha of land area) as well as 12 OSVs, 2 MWVs and 21 tug and barges. 
• Deep value affirmed by savvy investors and industry veterans- coming in at an average cost of about S$0.032
• Strong net cash position of S$50.3 million as at 30 Sep 2022.
• Turnaround efforts bear fruits as the Group turns EBITDA positive.
• Pivoting to renewables to increase utilization and boost profitability

• Business Times: Brokers’ take: RHB raises Marco Polo Marine target on expectations of rising charter rates
• The Edge: Marco Polo Marine’s former executive chairman to purchase 121.8 mil shares in the company at 3.3 cents apiece
• Straits Times: Marco Polo Marine Q3 revenue up 140% on shipyard, ship chartering growth
• The Edge: RHB Contiune to ‘buy’ Marco Polo Marine as it ventures into renewable energy 
• Business Times:B rokers’ take: RHB initiates ‘buy’ on Marco Polo Marine on forecast renewable energy turnaround
• The Edge: RHB initiates coverage of Marco Polo Marine with “buy” call and 4.1 cents target price
• The Edge: Marco Polo Marine to boost ship repair capacity by up to 20% with dry dock extension
• Business Times: Marco Polo Marine to acquire majority stake in PT BBR to strengthen foothold in Indonesia
• The Edge: Marco Polo Marine’s earnings triple to $5.95 million in 1HFY2021