Marco Polo Marine said on Monday it plans to list its Taiwan-based offshore wind unit, PKR Offshore, to support the expansion of its fleet serving the growing offshore wind markets in Asia.
The Singapore-headquartered company said it expects to submit the application for the listing in the third quarter of 2026. Proceeds from the initial public offering will be used to fund new specialised vessels, including commissioning service operation vessels (CSOVs), targeting projects in Taiwan, South Korea and Japan.
Marco Polo Marine described the move as a strategic effort to deepen its role in the offshore renewables sector and tap into dynamic capital markets in the region.
“This planned listing is a pivotal strategic move that aligns Marco Polo Marine with the global energy transition,” said Chief Executive Sean Lee. “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.”
The company noted that it had received preliminary concurrence from the Singapore Exchange that the proposed listing would not be considered a chain listing under current rules, subject to conditions.
Lee added that Taiwan offered an ideal base for expansion. “Taiwan provides the ideal springboard to serve the broader Asia region, where we see immense, long-term potential,” he said. “The capital raised will directly fuel the growth of our specialised fleet… ensuring we have the right assets to meet the growing demands of offshore wind farm construction, commissioning, and maintenance.”
He also highlighted the opportunity for investors to be part of a broader renewable energy growth story. “We are not just building ships; we are building the critical infrastructure for the future of clean energy in Asia,” Lee said.
Marco Polo Marine emphasised that the proposed listing remains subject to market conditions and regulatory approvals in both Singapore and Taiwan.
