OSV owner Marco Polo Marine raises funds for offshore wind expansion

In a 6 March 2026 statement, the Singapore-based company said the placement drew strong demand from institutional and strategic investors, and was well-received by new and existing institutional investors. It also attracted other high-net-worth corporate and individual investors. The placement consists of the issuance of 144,865,920 new ordinary shares at an issue price of S$0.145 per share.

“The net proceeds will be utilised to support the group’s project pipeline and fund capital expenditure in line with its business expansion plans,” said Marco Polo Marine. “The capital injection enhances the company’s balance sheet and provides the financial flexibility to accelerate its expansion initiatives, particularly in the offshore wind energy sector. The funds will support the group’s ongoing efforts to enhance its fleet of specialised vessels to meet the accelerating demand for sustainable marine logistics solutions in Asia.”

Marco Polo Marine chief executive Sean Lee said he was delighted with the strong support for the private placement, which, he said, “reflects a clear endorsement of our vision and strategy.”

Mr Lee said the fund-raising exercise provides Marco Polo Marine with the capital to pursue a pipeline of value-accretive projects and further solidifies its position as a key player in the region’s energy transition.

Maybank Securities chief executive Aditya Laroia said the strong investor response to the placement “is a clear reflection of the market’s confidence in the company’s strategy” and “testament to the quality of Marco Polo Marine’s business and its growing relevance in Asia’s energy transition.”