Marco Polo Marine Ltd. (SG:5LY) has released an update.
Marco Polo Marine’s subsidiary, PKR Offshore, has inked a significant framework agreement with Siemens Gamesa to provide Crew Transfer Vessels (CTVs) for offshore wind projects in Taiwan and Korea, with operations commencing in the fourth quarter of 2024. The deal, which can extend up to 2030, marks the company’s strategic entry into the Korean market and reinforces its commitment to expanding its CTV fleet to support the region’s growing offshore wind sector.
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