The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Under the Radar: Conversation with CEO of Marco Polo Marine on the shipbuilding and ship chartering business; Positioning in the marine logistics industry; Demand for shipbuilding and repair projects and contracts this quarter; Completion of extension works on Dry Dock; Interest for chartering from oil and gas and wind farm sectors
If you recall, we spoke about ship chartering on the segment last week. Today we want to double down on that conversation by giving you an inside look into a Singapore-listed integrated marine logistics company called MarcoPolo Marine.
The company works with customers of varying industries on ship chartering and even transhipment services of tugboats and barges.
Besides that, Marco Polo Marine also builds and repair ships. It has a shipyard occupying over 34-hectares of land area in Batam Indonesia, and has supplied at least 100 tugs and barges and Anchor Handling Tug Supply Vessels.
The firm recently posted a gross profit of S$6.6 million for the first quarter ended December, up 153.8 per cent from the year ago period thanks to more ship-repair activities and larger contracts from customers. But how are things like for the current quarter?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Sean Lee, Chief Executive Officer, Marco Polo Marine for more.
