Singapore-based shipowner Marco Polo Marine is targeting a listing in Taiwan of its 49%-owned indirect subsidiary PKR Offshore (PKRO), which specialises in providing vessels for offshore windfarms .The company is to submit a listing application by Q3 2026, a move it anticipates will unlock new capital to fund the expansion of PKRO’s fleet of specialised offshore wind vessels.
The proceeds will be dedicated to developing vessels, including commissioning service operation vessels (CSOVs), to serve high-growth offshore wind markets. “This ensures new capital will be deployed directly into revenue-generating assets poised to meet the sustained, long-term demand in Asia, specifically in Taiwan, South Korea and Japan,” said the company.
Marco Polo Marine chief executive Sean Lee said, “This planned listing is a pivotal move that aligns Marco Polo Marine with the global energy transition. By seeking to list PKRO in Taiwan, we are planting our flag firmly in one of the world’s most dynamic offshore wind markets and creating a powerful platform for regional growth.
“Taiwan provides an ideal springboard to serve the broader Asia region, where we see immense, long-term potential. The capital raised will directly fuel the growth of our specialised fleet, including our CSOV, ensuring we have the right assets to meet the growing demands of offshore windfarm construction, commissioning and maintenance.
“For our investors, this represents a unique opportunity to participate in a renewable energy growth story, backed by Marco Polo Marine’s decades of maritime expertise and operational excellence. We are not just building ships – we are building critical infrastructure for the future of clean energy in Asia.”
