Marco Polo Marine Ltd. (5LY) said on Mar, 18 2026 that its indirect subsidiary PKR Offshore Co., Ltd. has secured a 15-year charter from Taiwan’s Marine Port Bureau to provide emergency towage and salvage services in the country’s territorial waters and offshore wind farm areas.

The deal is valued at about 118 million Singapore dollars, which will be recognised evenly over the contract period. Operations are expected to begin in the third quarter of FY2026 (Apr–Jun 2026).

The agreement marks the group’s first long-term government charter in Taiwan and adds an emergency response and salvage vessel to its fleet, complementing its existing crew transfer vessel and commissioning service operation vessel businesses.