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Marco Polo News

22 Nov 2023

Offshore Wind: Marco Polo Marine, Vestas Pen Deal for Newbuild CSOV

Credit: Marco Polo Marine (file image)

SGX-listed Marco Polo Marine has signed a framework agreement with wind turbine maker Vestas, which finalizes the previous Memorandum of Understanding signed in December 2022 between its Taiwan-based subsidiary, PKR Offshore Co., Ltd and Vestas Taiwan Co., Ltd for the maiden deployment of its new Commissioning Service Operations Vessel (CSOV). According to Marco Polo Marine, the new CSOV, which can accommodate up to 110 people, will be deployed across various offshore wind farms in the Asia Pacific region over three years…

20 Oct 2023

The Power of Offshore Molecule Production

The P2XFloater can be positioned anywhere renewable energy costs are low, resulting in the production of extremely cost competitive green ammonia. Source H2Carrier.

Energy ecosystems are evolving as the value of offshore power-to-X production is being realized.Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen, increasing the uptime of offshore wind farm generated power.That’s according to Netherlands based supplier Strohm, member of the Hydrogen Offshore Production for Europe (HOPE) project and the Dutch floating green hydrogen and ammonia OFFSET project.

20 Jan 2023

SMST to Deliver Equipment for First Asia-designed CSOV

©SMST

Marco Polo Marine, the Singapore-based marine logistics company, has awarded SMST the contract for the delivery of a gangway and a crane for its offshore wind Commissioning Service Operations Vessel (CSOV). The vessel will be used in commissioning works during the construction of offshore wind farms, as well as maintenance operations. SMST’s mission equipment consisting of an Access & Cargo Tower with a motion-compensated gangway, the so-called Telescopic Access Bridge L-Series…

15 Dec 2022

Wind Turbine Maker Vestas to Hire First Asia-designed CSOV

©Marco Polo Marine

Shipbuilder Marco Polo Marine's Taiwan-based subsidiary, PKR Offshore, has signed a deal with wind turbine maker Vestas Taiwan Co., Ltd, for the maiden deployment of its new Commissioning Service Operations Vessel (CSOV).The new CSOV, which will be able to accommodate up to 110 persons, will be deployed for work on offshore wind farms in Taiwan, Japan, and South Korea, over a 3-year period, based on a minimum utilization commitment per year. The vessel is currently under construction at Marco Polo Shipyard in Batam…

06 Dec 2022

Marco Polo Marine Eyes Offshore Wind Work in Japan

©Marco Polo Marine

Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard.Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the Japanese offshore wind sector.The agreement marks Marco Polo Marine’s entry into another offshore wind market in Asia, in addition to Taiwan, which it entered by acquiring PKR Offshore, an established Taiwan-based wind vessel operator, in May this year.

20 Sep 2022

Marco Polo Marine to Build, Operate CSOV as Offshore Wind Industry 'Grapples with Shortage'

Singapore-listed firm Marco Polo Marine said Tuesday it planned to build, own and operate a new Commissioning Service Operation Vessel (CSOV) to meet the rising demand for support vessels required to service the booming offshore wind farm industry in Asia. When completed in the first quarter of 2024, the vessel will also be the first CSOV to be designed in Asia."The group will be funding the construction of the vessel with its existing resources and borrowings from financial institutions.

06 May 2022

Marco Polo Marine Wraps Buy of Taiwan-based PKR Offshore

Singapore-listed offshore services provider Marco Polo Marine has completed the acquisition of the offshore renewables service firm PKR Offshore.Marco Polo bought the Taiwan-based company through its 49% owned joint venture company, Oceanic Crown Offshore Marine Services Ltd, through the completion of its previously announced share purchase agreement with Kerry and POSH.PKR was part of the POSH Kerry Renewables joint venture, a service provider for the offshore renewables sector that offers a suite of services across the entire life cycle of offshore wind projects. "The completion of the acquisition of [PKR Offshore ] is expected to…

17 Mar 2022

Marco Polo Marine, Seatech Solutions Move to Develop Offshore Wind Service Vessels

©Marco Polo Marine

Singapore-based offshore shipping, shipbuilding, and ship maintenance company Marco Polo Marine has partnered up with green tech ship design company Seatech Solutions International to co-develop two new specialized offshore wind service, operation, and maintenance vessel and the commissioning Service Operation Vessel (CSOV), for the global offshore wind farm market. When completed, these vessels will be the first SOV and CSOV designed in Asia, Marco Polo Marine said. Worth noting…

03 Mar 2022

M.A.R.S Buys 'Captain America' Diving Support Construction Vessel

Credit: M.A.R.S.

Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.'"The acquisition of this vessel represents a substantial investment in the offshore market and will further increase the company’s footprint worldwide. This move highlights M.A.R.S. commitment to its customers, our future customers, and supports the continued growth of the offshore decommissioning and subsea installation industry," M.A.R.S. said Thursday.The vessel will be owned by M.A.R.S.

28 Jan 2022

Strategic Shift: POSH Focuses on Floating Wind, Divests Taiwan-based JV

PACC Offshore Services Holdings (“POSH”), a Singapore-based offshore marine services provider, said Friday it would be will be shifting its push into renewables away from operational support in the fixed wind market into the development of the fast-growing floating wind market.As such, the company said it had has divested its Taiwan-based POSH Kerry Renewables Joint Venture (“JV”). POSH entered into a share purchase agreement with Oceanic Crown Offshore Marine Services Ltd, the joint venture arm of Marco Polo Marine Ltd, to sell its entire share capital of PKR Offshore Co. Ltd. (“PKRO”)."POSH Kerry Renewables has been servicing the offshore renewables market in Taiwan since 2018.

05 Jan 2022

Marco Polo Marine to Do 'Green' Ship Recycling in Indonesia

© katiekk2 / Adobe Stock

Marco Polo Marine announced it is venturing into "green" ship recycling at its  P.T. Marcopolo Shipyard in Batam, Indonesia.In addition to being awarded the permit by local authorities to conduct ship recycling activities, the group said it has become the first shipyard in Indonesia to be certified and awarded the ISO 30000:2009 certificate by ABS Quality Evaluations (QE). The ISO 30000 certification is recognized globally and often a prerequisite by shipowners as the shipping…

22 Jun 2020

UK Detains Five Cruise Ships Over Crew Welfare Issues

Five out of the six cruise ships inspected by U.K. Maritime and Coastguard Agency surveyors in British Ports Friday have been detained over crew welfare issues.The Astoria, Astor, Colombus and Vasco de Gama at Tilbury, as well as the Marco Polo at Bristol, have all been detained after surveyors found a number of expired and invalid Seafarers Employment Agreements, late payment of wages and crews who had been on board for over 12 months. All these are in breach of the Maritime Labor Convention (MLC) and the ships have been detained for that reason.All five are from the same company – Global Cruise Lines Limited. Four of the vessels are flagged with the Bahamas and one with Portugal (Madeira).The sixth ship which also belongs to Global Cruise Lines Limited…

29 Jan 2020

Damen Completes Triple Refit for CMV

Damen Shiprepair Amsterdam has completed extensive annual repair and maintenance programs on three cruises ships operated by the UK’s leading independent cruise line Cruise and Maritime Voyages ahead of their winter season.The triple cruise ships are Magellan, Marco Polo and Astor.First to dock at Damen Shiprepair Amsterdam (DSAm) was the 222-meter, 46,000 GT Magellan for a four-week schedule of works that included comprehensive cleaning and inspections, repairs to the main and auxiliary engines, the overhaul of the bow and stern thrusters and the servicing of the liferafts. As work proceeded, additional repairs were identified, an occurrence that was shared by all three vessels.

19 Apr 2019

Cardiff Port Preps for 2019 Cruise Season

The Port of Cardiff is expecting a busy cruise season which starts with the visit of the Cruise and Maritime Voyages-operated Marco Polo on Monday (22nd April), said Associated British Ports (ABP).Between May and June 2019, three cruise calls and over 2000 passengers will utilise port facilities and services provided by ABP South Wales at the Port of Cardiff.Richard Butler, Commercial Manager, ABP South Wales, said: “We are looking forward to once again welcoming thousands of passengers to the Port of Cardiff. The port provides a convenient and accessible gateway for passengers and boasts excellent road and rail links.”The Port of Cardiff already has several bookings for cruise calls during the 2020 season…

26 Mar 2019

Can the Cruise Shipping Boom Continue?

MSC Cruises, the industry’s largest privately owned company, is in the midst of a $13 billion expansion which will bring its fleet, following the delivery of MSC Meraviglia in 2017, to 25 vessels by the mid 2020’s. Still on order are four Meraviglia class ships. Photo: MSC

As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly 2 million from the previous year. By year end 2019 CLIA members – a veritable ‘who’s who’ of the largest brands – will have 272 vessels…

17 Jan 2019

Vietnam Welcomes World's Largest Container Ship

CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.CMIT is a deep-sea container terminal and market leader for global ocean carriers serving the South Vietnamese economy. Since 2018, CMIT operates with a license to handle container vessels up to 194…

17 Dec 2018

Carnival to Launch Four Ships in 2019

Carnival Panorama (Photo: Carnival)

Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises,  international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…

30 Jul 2018

Singapore's Offshore Industry Recovering

© ligados / Adobe Stock

A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector, has been a key pillar of Singapore's economic transformation into a first world economy since independence from British colonial rule in 1965 and a source of national pride. But a 2014 collapse in oil prices has resulted in thousands jobs lost…

29 Jun 2018

Exceptional Tribute Paid to Jacques R. Saadé

The death of Jacques R. Saadé, Founding President of the CMA CGM Group, roused an emotional response within the Group, in the entire maritime transportation industry and beyond. An exceptional tribute was paid to him on Friday, June 29, during his funeral. Jacques R. Saadé dedicated his life to CMA CGM. All the Group’s employees based in Marseilles were invited to attend the religious ceremony celebrated at La Major Cathedral. Attendees included Jean-Yves Le Drian, Minister for Europe and Foreign Affairs, Mrs. Elisabeth Borne, Minister of Transports, and numerous local, national and international officials. Lebanese Minister Michel Pharaon, representing Lebanese President General Michel Aoun, posthumously awarded Jacques R.

22 Jun 2018

Cruise Ship Costa Venezia Floated Out

(Photo: Fincantieri)

Italian shipbuilder Fincantieri hosted a float-out ceremony for a new cruise ship under construction for Carnival Corporation’s Italian brand Costa Cruises. The new ship, Costa Venezia, is Costa’s first ship designed and built specifically for the Chinese market.“As our first ship built specifically for the Chinese market, Costa Venezia marks a new era not just for Costa Cruises and Fincantieri but for the Chinese cruise industry as a whole,” said Mario Zanetti, president of Costa Group Asia.

20 Dec 2017

Marcopolo Shipyard Restructuring Approved

PT Marcopolo Shipyard (PTMS) has secured the approval for its restructuring plan to to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment. It means, Batam-based unit of Marco Polo Marine has cleared the final hurdle to proceed with debt restructuring for the holding company and its key shipyard subsidiary under the two schemes of arrangement filed with Singapore's High Court. "The Board is pleased to note that pursuant to the above-mentioned application, PTMS has obtained the requisite court declaration made in response to the PKPU Restructuring Proposal that has been submitted, namely, that a valid debt restructuring has been agreed to by PTMS and the relevant creditors…

02 Nov 2017

Coin Ceremony Held for Costa Venezia

Michael Thamm, CEO Costa Group, CEO Carnival Asia gives speech at Costa Cruises New Ship Coin Ceremony (Photo: Costa Cruises)

Carnival Corporation’s Italian brand Costa Cruises held a coin ceremony for its newest ship, Costa Venezia, which is being built to service the Chinese market from 2019. The new 135,500-ton cruise liner is being built by Italy-based shipbuilder Fincantieri, and is the first Vista-class ship specifically designed and built for China. Michael Thamm, CEO of Costa Group and Carnival Asia, said, “The Costa Venezia demonstrates our strong commitment and confidence in the world’s fastest growing cruise market.

01 Aug 2017

CMA CGM Organized Towing Exercise

The Maritime Prefecture of the Channel and the North Sea, in liaison with the CMA CGM Group and Les Abeilles (Bourbon Group), organized a towing exercise between a large container ship, the CMA CGM Marco Polo, and the Abeille Languedoc, including an ‘intervention’, ‘assistance’ and ‘rescue tug’ (RIAS), off the coast of Le Havre. Thus on y, July 21, 2017 from 1:00 pm to 4:40 pm off Le Havre, the CMA CGM MARCO POLO simulated engine damage to enable the crew of L’Abeille Languedoc, the assessment and intervention teams (IEE) and the Maritime Operations Center (COM) of the Maritime Prefecture of the English Channel and the North Sea to train at sea, in real conditions, with a large platform.