The Singapore stock-listed shipyard, offshore energy & marine transportation services company, Marco Polo Marine has reported that its indirect subsidiary, Taipei-based PKR Offshore Co., Ltd. (PKRO), has been awarded a significant long-term charter contract by Taiwan’s Marine Port Bureau (MPB).
The new signed contract, under the offshore wind farm emergency towage and salvage services procurement project, involves the charter of one emergency tugboat or salvage vessel to support Taiwan’s maritime emergency response framework over a period of 15 years, as Marco Polo Marine states.
Under the terms of this contract, PKRO will provide 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 long-term contract is valued at NT$2.948bln (approximately S$118m), with the value expected to be recognized evenly over the 15-year charter period with operations anticipated to commence in Q3 FY2026 (April to June 2026).
Commenting on the contract award, Sean Lee, chief executive officer of Marco Polo Marine, said: “It marks our first long-term government charter contract in Taiwan – a market we see tremendous strategic potential in – and reflects the continued confidence that clients across the region place in our capabilities.”
