Marco Polo Marine will pursue a listing of its Taiwan-based offshore wind subsidiary PKR Offshore to support the expansion of its specialised vessel fleet.
The company said the application is expected to be submitted in the third quarter of 2026.
Proceeds from the listing will fund newbuilds including commissioning service operation vessels to serve growing offshore wind markets in Taiwan, South Korea and Japan.
Marco Polo Marine said the initiative is a strategic step to deepen its role in offshore renewables and access dynamic capital markets.
The group has secured preliminary concurrence from the Singapore Exchange that the proposal would not amount to a chain listing under its rules, subject to conditions.
Marco Polo Marine said listing PKR Offshore in Taiwan places the subsidiary at the centre of one of Asia’s most ambitious offshore wind development programmes.
Chief executive Sean Lee said: “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.
“Taiwan provides the ideal springboard to serve the broader Asia region, where we see immense, long-term potential.
“The capital raised will directly fuel the growth of our specialised fleet, including our CSOV, ensuring we have the right assets to meet the growing demands of offshore wind farm construction, commissioning, and maintenance.
“For our investors, this represents a unique opportunity to participate in a renewable energy growth story, backed by Marco Polo Marine’s decades of maritime expertise and operational excellence.
“We are not just building ships; we are building the critical infrastructure for the future of clean energy in Asia.”
Marco Polo Marine cautioned that the PKRO listing remains subject to market conditions and regulatory approvals in both Singapore and Taiwan.