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Marco Polo Marine completes extension of dry dock, eyes higher recurring ship repair revenue

The Edge Singapore
The Edge Singapore2/15/2022 08:23 PM GMT+08  • 1 min read
Marco Polo Marine completes extension of dry dock, eyes higher recurring ship repair revenue
The dock extension will start contributing to Marco Polo Marine's bottom line from 2Q FY2022
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Marco Polo Marine has completed the extension works on its dry dock 1, lifting the company’s capacity for ship repairs by up to 20%.

The move will help the company grow a bigger stream of recurring income from ship repairing operations, with between 50 and 70% of the business from repeat customers.

The dry dock was extended to 240 metres from 150 metres. Construction started in July 2021 and was funded by internal resources.

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