SINGAPORE (Yosefardi) – Marco Polo Marine Ltd has secured multiple multi-year contracts since November 2014.
On similar terms to maiden long-term charter, second long-term bare-boat charter contract was secured in December 2014 with newly-acquired new-built Maintenance and Accommodation Work-boat vessel expected to start in April 2015, also plying in Malaysian waters.
The estimated total contract value (excluding two-year plus two-year extension options) was of about US$27 million, similar to first contract.
MP PROWESS, i.e. latest AHTS addition to group fleet under management, had secured maiden one-year
bare-boat contract in November 2014 with estimated total contract of more than US$4 million.
Major charter contracts with existing clients have either been renewed or option exercised with total estimated aggregate value in excess of US$15 million (excluding extension options).
Both MP PRELUDE (contract option exercised) and MP PREMIER (contract renewal) to continue
plying in Indonesia supporting the same operator, both until end of August 2015, pending contract finalization.