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  • 2011 September 29 07:07

    Marco Polo bags ship upgrading contract

    Marine logistics group Marco Polo clinched a ship upgrading contract worth about S$8.5m ($6.6m) with an existing third-party customer, Seatrade Asia online reports. “The order is placed almost immediately after we had built and delivered a vessel to the customer,” said Sean Lee, ceo of Singapore-listed Marco Polo.
    The company did not specify the scheduled completion date of the upgrading works.
    Marco Polo said the latest ship upgrading project will further expand the repertoire of the company's ship repair and conversion business and boost its revenue from shipyard operations.
    It added that it has witnessed an increase in the number of ship repair contracts secured from new and existing customers in the last six months.
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