Marco Polo Marine Batan shipyard books barge order

Singapore’s Marco Polo Marine Group reports that it has secured a shipbuilding contract worth approximately Singapore $3.4 million. It covers the construction of eight offshore barges for an existing customer at the group’s Batam, Indonesia, shipyard.

Mr. Sean Lee, the CEO of the Group, commented, “We are pleased to have recurring orders placed by our customers as such repeat orders further strengthen our Batam shipyard’s position as a one-stop service centre that provides a suite of integrated marine logistic services ranging from ship building, ship conversion to ship repair. This contract is expected to contribute to the profitability of the Group’s shipbuilding activities for the financial year ending 30 September 2012.”

September 14, 2011