Built in 2006 with three dry docks added in 2009, the yard has completed over 1,000 repair projects in the last 10 years. It has also completed over 100 vessels and barges, with an expanded repertoire of new types ranging from DP3 offshore construction vessels, 12000HP DP2 anchor handling tug supply to high-tech sustainable fish farms, product tankers, accommodation barges, drilling rig barges and towing tugs.
It’s upwards and onwards for Marco Polo Marine. On the one hand, the company’s shipbuilding and repair business is seeing a revival as demand for vessels picks up. On the other hand, its move to capture a share of the growing offshore wind farming market with its fleet of support vessels has helped to drive growth at both the top and bottom lines.
Speaking to visiting investors, analysts and media on Jan 16, CEO Sean Lee says that the company’s yard in Batam enjoys a healthy business, thanks to a steady stream of repeat customers. The yard, which spans 348,705 sq m (3.75 million sq ft) with a seafront of 650m, is said to be one of the larger yards in Indonesia.
