Marco Polo Marine unit anchors $118m Taiwan offshore wind charter

PKRO will provide emergency towing and salvage services in Taiwan's waters.

Marco Polo Marine Ltd’s indirect subsidiary, PKR Offshore Co., Ltd., has been awarded a 15-year charter contract worth $118m (NT$2.95b) by Taiwan's Marine Port Bureau.

The contract is part of the Offshore Wind Farm Emergency Towage and Salvage Services Procurement Project and involves the charter of one emergency tug or salvage vessel.

Under the agreement, PKRO will provide dedicated emergency towing and salvage services within Taiwan's territorial waters and the surrounding offshore wind farm areas.

The vessel will operate under harsh weather conditions to respond to maritime incidents involving disabled, grounded, or drifting vessels.

Marco Polo Marine said revenue is expected to be recognised evenly over the 15-year period, with operations scheduled to begin in the third quarter of FY2026.

($1 = NT$24.94)

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