Marco Polo Marine's Fleet Expansion Could Boost Earnings -- Market Talk

Dow Jones

Oct 24, 2025

0537 GMT - Marco Polo Marine's earnings stand to gain from a planned fleet expansion, Maybank Research's Jarick Seet says in a research report. It has partnered with Norway's Salt Ship Design to construct its new commissioning service operation vessel, dubbed CSOV Plus, at its Batam, Indonesia, shipyard starting in 2Q 2026. Delivery is planned for 4Q 2028. The Singapore marine logistics group will also buy two anchor handling tug supply vessels, which will increase its fleet to 21 from 19 by end-FY 2026. The brokerage expects the new vessels to substantially contribute to the company's profit after tax and minority interests from FY 2027-FY 2030 when ready. It raises the stock's target price to S$0.11 from S$0.09, with an unchanged buy rating. Shares are 2.15% higher at S$0.095. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 24, 2025 01:37 ET (05:37 GMT)

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It has partnered with Norway's Salt Ship Design to construct its new commissioning service operation vessel, dubbed CSOV Plus, at its Batam, Indonesia, shipyard starting in 2Q 2026. Delivery is planned for 4Q 2028. The Singapore marine logistics group will also buy two anchor handling tug supply vessels, which will increase its fleet to 21 from 19 by end-FY 2026. The brokerage expects the new vessels to substantially contribute to the company's profit after tax and minority interests from FY 2027-FY 2030 when ready. It raises the stock's target price to S$0.11 from S$0.09, with an unchanged buy rating. Shares are 2.15% higher at S$0.095. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 24, 2025 01:37 ET (05:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marco Polo Marine's Fleet Expansion Could Boost Earnings -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarco Polo Marine's Fleet Expansion Could Boost Earnings -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-24 13:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0537 GMT - <a href=\"https://laohu8.com/S/MRPMF\">Marco Polo Marine</a>'s earnings stand to gain from a planned fleet expansion, Maybank Research's Jarick Seet says in a research report. It has partnered with Norway's Salt Ship Design to construct its new commissioning service operation vessel, dubbed CSOV Plus, at its Batam, Indonesia, shipyard starting in 2Q 2026. Delivery is planned for 4Q 2028. The Singapore marine logistics group will also buy two anchor handling tug supply vessels, which will increase its fleet to 21 from 19 by end-FY 2026. The brokerage expects the new vessels to substantially contribute to the company's profit after tax and minority interests from FY 2027-FY 2030 when ready. It raises the stock's target price to S$0.11 from S$0.09, with an unchanged buy rating. Shares are 2.15% higher at S$0.095. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 24, 2025 01:37 ET (05:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002414.USD","symbol_name":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577624569","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577624569","pubTimestamp":1761284220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0537 GMT - Marco Polo Marine's earnings stand to gain from a planned fleet expansion, Maybank Research's Jarick Seet says in a research report. It has partnered with Norway's Salt Ship Design to construct its new commissioning service operation vessel, dubbed CSOV Plus, at its Batam, Indonesia, shipyard starting in 2Q 2026. Delivery is planned for 4Q 2028. The Singapore marine logistics group will also buy two anchor handling tug supply vessels, which will increase its fleet to 21 from 19 by end-FY 2026. The brokerage expects the new vessels to substantially contribute to the company's profit after tax and minority interests from FY 2027-FY 2030 when ready. It raises the stock's target price to S$0.11 from S$0.09, with an unchanged buy rating. Shares are 2.15% higher at S$0.095. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","5LY.SI":"马可波罗海业","BK6519":"运输股","BK6004":"海运","SG9999002406.SGD":"利安新加坡信托基金"},"translate_title":"马可波罗海事的船队扩张可能会提高盈利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5LY.SI":0.9},"content_text":"0537 GMT - Marco Polo Marine's earnings stand to gain from a planned fleet expansion, Maybank Research's Jarick Seet says in a research report. It has partnered with Norway's Salt Ship Design to construct its new commissioning service operation vessel, dubbed CSOV Plus, at its Batam, Indonesia, shipyard starting in 2Q 2026. Delivery is planned for 4Q 2028. The Singapore marine logistics group will also buy two anchor handling tug supply vessels, which will increase its fleet to 21 from 19 by end-FY 2026. The brokerage expects the new vessels to substantially contribute to the company's profit after tax and minority interests from FY 2027-FY 2030 when ready. It raises the stock's target price to S$0.11 from S$0.09, with an unchanged buy rating. Shares are 2.15% higher at S$0.095. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 24, 2025 01:37 ET (05:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}