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Marco Polo Marine Secures S$100 Million in Ship Chartering Contracts

Story Highlights
  • Marco Polo Marine Ltd. secured S$100 million in ship chartering contracts.
  • The contracts reinforce the company’s growth in offshore oil & gas and renewable energy sectors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Marco Polo Marine Secures S$100 Million in Ship Chartering Contracts

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Marco Polo Marine Ltd. ( (SG:5LY) ) just unveiled an announcement.

Marco Polo Marine Ltd. has secured ship chartering contracts worth approximately S$100 million, reflecting a robust order book that extends over the next three years. This development underscores the company’s strong market position and growth trajectory in the offshore oil & gas and renewable energy sectors, providing revenue visibility and confidence to investors.

More about Marco Polo Marine Ltd.

Marco Polo Marine Ltd. is a regional integrated marine logistics company that provides maritime solutions. The company operates a diverse fleet catering to high-growth sectors such as offshore oil & gas and renewable wind energy.

Average Trading Volume: 22,301,472

Technical Sentiment Signal: Buy

Current Market Cap: S$285M

See more insights into 5LY stock on TipRanks’ Stock Analysis page.

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