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Marco Polo Marine makes jack-up rig foray with PPL order

Marco Polo Marine is expanding into the jack-up rig sector with a $214.3m order at PPL Shipyard with an option for two further rigs.

Marcus Hand, Editor

February 26, 2014

1 Min Read
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The rig, Marco Polo’s first jack-up rig is scheduled to be delivered in fourth quarter of 2015 and built to the PPL Pacific Class design.

Marco Polo ceo Sean Lee sees the move as major move forward for the company and said: “The signing of the agreement with PPL Shipyard is an epochal moment as it marks the start of a significant leap forward in terms of our operations and service offerings.

Explaining the timing of the move Lee added, “The group’s entry into this business segment coupled with the expected delivery of the rig in fourth quarter of 2015 is timely in view of the favourable demand-supply dynamics."

 

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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