Marco Polo Marine Ltd. Company News

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Singapore's Marco Polo Marine Flags Doubt On Continuing As A Going Concern
Thursday, September 22, 2016 Marine logistics firm Marco Polo says it has substantial doubt about being able to continue as a going concern due to a cash crunch, as it sought noteholders' approval to defer redeeming bonds worth $37 million by three years.

Singapore's Marco Polo Marine Seeks To Delay Bond Payment
Wednesday, September 14, 2016 Singapore's Marco Polo, a marine logistics firm that counts oil and gas firms as clients, wants bond holders' nod to defer payment of notes worth $37 million, the latest oil-related firm in the city-state to show financial strain from crude's drop.

Singapore High Court Grants Stay of the Action in PPLS-MPD Jackup Spat
Tuesday, April 26, 2016 Singapore High Court grants Marco Polo Drilling a stay of the action on arbitration proceedings commenced by PPL Shipyard over the termination of a jackup construction contract.

PPL Shipyard Commences Arbitration Proceedings Against Marco Polo Drilling
Thursday, April 07, 2016 Singapore's PPL Shipyard commences arbitration proceedings against Marco Polo Drilling over a rig construction contract.

PPL Shipyard Serves Termination Notice on MPD Over Jackup Construction Spat
Wednesday, December 02, 2015 Singapore's PPL Shipyard serves termination notice on Marco Polo Drilling after the latter failed to comply with the payment schedule for a jackup under construction.

Marco Polo Marine Updates on Jackup Construction Dispute with PPL Shipyard
Tuesday, December 01, 2015 Marco Polo Marine updates on the dispute between Marco Polo Drilling and PPL Shipyard over the termination of a jackup construction contract.

PPL Shipyard Challenges MPD's Termination of Jackup Construction Contract
Thursday, November 26, 2015 Sembcorp Marine's unit PPL Shipyard challenges Marco Polo Drilling's termination of a jackup construction contract.

MPD Initiates Contractual Dispute Resolution Process Against PPL Shipyard
Wednesday, November 25, 2015 Singapore's Marco Polo Drilling (MPD) initiates contractual dispute resolution process against PPL Shipyard over the termination of a rig building deal.

PPL Yet to Receive MP Drilling's Termination Notice for Jackup Construction
Wednesday, November 18, 2015 Singapore's PPL Shipyard has not receive any notice of termination from Marco Polo Drilling of the $214.3 million jackup construction contract.

Nam Cheong Sells Accommodation Work Vessel, AHTS Vessel for $58M
Wednesday, March 11, 2015 Nam Cheong sells an accommodation work vessel to Marco Polo Marine and an anchor handling tug supply vessel to Topaz Energy and Marine for a total of $58 million.

Marco Polo Marine Clinches $46M OSV Contracts to Work in SEA, Australia
Tuesday, January 06, 2015 Marco Polo Marine clinches offshore support vessel contracts, valued at $46 million, for operations in Southeast Asia and Australia.

Nam Cheong Invests $31M in BBR to Further Expand into Indonesian Market
Monday, September 29, 2014 Nam Cheong invests $30.7 million in Indonesian ship owning and chartering firm PT Pelayaran Nasional Bina Buana Raya Tbk (BBR) to enter into Indonesia's oil and gas market.

MPM-Nam Cheong JV Secures $27M Contract to Supply Accommodation Work Vessel
Tuesday, August 19, 2014 The Marco Polo Marine-Nam Cheong joint venture secures a $27 million five-year contract to provide an accommodation work vessel, which will be built by Nam Cheong.

PPL Shipyard Inks $214.3M Contract to Build Jackup for Marco Polo Drilling
Thursday, February 27, 2014 Sembcorp Marine's unit PPL Shipyard signs a $214.3 million contract to build a jackup for Marco Polo Drilling.