SINGAPORE (Yosefardi) – Despite the Group’s total revenue decreased by 5.9% to S$26.9 million in third quarter of 2014, Marco Polo Marine Ltd’s total revenue increased by 37.5% to S$89.5 million in first nine months of 2014 fiscal year, from S$65.1 million in the same period of 2013.
Marco Polo, and its subsidiaries, is a regional integrated marine logistic company which principally engages in shipping and shipyard businesses.
The shipyard business of the Group relates to ship building as well as the provision of ship maintenance, repair, outfitting and conversion services which are being carried out through its shipyard located in Batam, Indonesia.
Occupying a total land area of approximately 34 hectares with a seafront of approximately 650 meters, the modern shipyard also houses three dry docks which boosted the Group’s technical capabilities and service offerings to undertake projects involving mid-sized and sophisticated vessels.