An indirect subsidiary of Singapore offshore vessel player and shipyard Marco Polo Marine has been awarded a significant long-term charter contract by Taiwan’s Marine Port Bureau.

The contract, awarded to PKR Offshore under the Offshore Wind Farm Emergency Towage and Salvage Services Procurement Project, involves chartering one emergency tugboat or salvage vessel to support Taiwan’s maritime emergency response framework for 15 years.

Under the terms of the contract, PKRO will provide dedicated emergency towing and salvage services within Taiwan’s territorial waters and the surrounding offshore wind farm areas. The vessel will be required to operate in harsh weather conditions while maintaining a high level of operational readiness to respond to maritime incidents involving disabled, grounded, or drifting vessels.

The award expands the group’s fleet portfolio beyond its established CTV and CSOV operations into the emergency response and salvage segment.

The contract is valued at NT$2.948bn ($92.5m), with the value expected to be recognised evenly over the 15-year charter period. Operations are anticipated to commence in the second quarter of 2026.

“This marks our first long-term government charter contract in Taiwan, a market we see tremendous strategic potential in, and reflects the continued confidence that clients across the region place in our capabilities,” said Sean Lee, CEO of Marco Polo Marine.