Firm charter rates continue to steer Marco Polo Marine’s profits

Offshore and renewables company Marco Polo Marine saw its profits rise on the back of buoyant charter markets.

The company’s chief executive, Sean Lee, said: “We are encouraged by the strong performance in our ship chartering segment, driven by higher charter rates and favourable market conditions.”

The Singapore-listed company reported gross profit of $14.6m for the third quarter of 2024, up 2.6%