Singapore offshore vessel player and shipyard Marco Polo Marine is preparing to list its Taiwan-based offshore wind subsidiary PKR Offshore (PKRO) as part of a push to expand its specialised wind support vessel fleet in Asia.

The group said the listing application is expected to be filed by the third quarter of 2026, with proceeds earmarked for new tonnage including commissioning service operation vessels (CSOVs).

Marco Polo Marine entered the Taiwanese market in 2021 through Oceanic Crown Offshore Marine Services, its joint venture with local partner Shengfan. The JV acquired PKRO in 2022, with Shengfan holding 51% and Marco Polo Marine’s offshore arm holding 49%.

The company recently launched its first CSOV, a step that CEO Sean Lee described as part of a broader strategy to establish PKRO as a leading player in Asian offshore wind logistics.

“This planned listing is a pivotal strategic 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.” Lee said.