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Marco Polo Marine and Salt Ship Design to Collaborate in Construction of CSOV Plus
First-of-its-kind Commissioning Service Operation Vessel Plus (CSOV Plus), designed for unparalleled versatility in offshore wind and subsea markets, will be built in Batam
SINGAPORE – Media OutReach Newswire – 8 September 2025 – Marco Polo Marine Ltd. (SGX:5LY) (“Marco Polo Marine” or the “Company“, together with its subsidiaries, “the Group“), a reputable regional integrated marine logistics company, today announced the selection of Salt Ship Design AS (“Salt”), a renowned Norwegian ship designer, to design the Group’s, next-generation Commissioning Service Operation Vessel – the CSOV Plus. The contract was signed between the Group’s Taiwan-based subsidiary PKR Offshore Co., Ltd, Salt Ship Design and Marco Polo Shipyard Pte Ltd.
Marco Polo Marine’s new CSOV Plus marks a significant advancement in offshore support vessel capability. Unlike standard CSOVs and Construction Support Vessels with retrofitted walk-to-work systems, this vessel is the first purpose-built Commissioning Service Operation Vessel designed from the keel up for dual-sector operations in the offshore wind and oil & gas sectors. The CSOV Plus supports the complete lifecycle of offshore wind projects, from construction and cable installation to repairs, maintenance, and technician transfer for commissioning and ongoing operations. Its comprehensive capabilities enhance its versatility, enabling the CSOV Plus to be deployed not only in the offshore wind sector but also in the oil & gas sector.
“We are thrilled to partner with the innovative team at Salt Ship Design to bring our biggest advancements in CSOV – CSOV Plus – to life,” said Mr. Sean Lee, CEO of Marco Polo Marine. “This vessel represents our direct response to market demands for more versatile and efficient offshore assets. By integrating advanced wind farm support with other proven oil & gas related capabilities, we’re delivering unprecedented versatility that serves clients across multiple sectors whilst maximising operational uptime and providing significant competitive advantages. We’re confident this innovative design will exceed our customers’ expectations and set new industry standards for crew comfort and safety. Constructing this sophisticated vessel at our Batam facility further demonstrates the Group’s advanced shipbuilding expertise and commitment to engineering excellence.”
“We are honoured that Marco Polo Marine has entrusted Salt Ship Design with the development for their CSOV Plus concept. Salt has had the privilege of working closely with Marco Polo Marine for a long period during the concept development of their next-generation CSOV, and we are very pleased to be continuing this collaboration into the next phase,” said Egil Sandvik, Chairman of Salt.
Enhanced Safety and Operational Reliability
The CSOV Plus prioritises crew and technician welfare through advanced safety systems and operational capabilities. Its state-of-the-art walk-to-work system, combined with superior station-keeping and manoeuvrability, enables safe personnel transfer in significant wave heights up to 3.0 metres. This enhanced weather tolerance maximises operational days and improves project efficiency.
Sustainable Design for Future Operations
Built with sustainability at its core, the vessel features a battery hybrid power system that reduces fuel consumption and emissions. The design accommodates alternative fuels, including methanol, ensuring compliance with evolving environmental regulations whilst providing clients with environmentally responsible offshore solutions.
Versatile Capabilities and Technical Specifications
The CSOV Plus delivers exceptional operational flexibility through key features, including a powerful 100-tonne Active Heave Compensated (AHC) crane for handling heavy subsea equipment and wind farm components, expansive clear deck space for cargo storage and project customisation, as well as a flexible cargo lifting system supporting loads from 3 to 10 tonnes with full 3D compensation.
Construction of the vessel will commence at Marco Polo Marine’s shipyard in Batam in second quarter 2026 , with delivery scheduled for second quarter 2028.
Hashtag: #MarcoPoloMarine
The issuer is solely responsible for the content of this announcement.
About Marco Polo Marine
Listed on the Mainboard of the SGX-ST since 2007, Marco Polo Marine Ltd is a reputable regional integrated marine logistics company that principally engages in shipping and shipyard operations.
The Group’s shipping business relates to the chartering of OSVs for deployment in regional waters, including the Gulf of Thailand, Malaysia, Indonesia, and Taiwan, as well as the chartering of tugboats and barges to customers, especially those which are engaged in the mining, commodities, construction and infrastructure.
Under its chartering operations, the Group has diversified its activities beyond the oil and gas industry to include the support of offshore wind farm projects. The burgeoning offshore wind energy industry in Asia is at a nascent stage where structures are being installed, which presents tremendous opportunities for the Group whose fleet can support the development of these projects.
The Group’s shipyard business relates to shipbuilding and providing ship maintenance, repair, outfitting, and conversion services through its shipyard in Batam, Indonesia. Occupying a total land area of approximately 34 hectares with a seafront of approximately 650 meters, the modern shipyard also houses four dry docks, boosting the Group’s technical capabilities and service offerings to undertake projects involving mid-sized and sophisticated vessels.
For more information, please refer to our corporate website:
www.marcopolomarine.com.sg
Media OutReach
i-Sprint Corporation Announces Successful Completion of Management Buy-Out in Partnership with KV Asia Capital
This landmark transaction ranks among the significant Identity and Access Management acquisitions in Asia. It underscores i-Sprint’s strategic importance in the region’s cybersecurity landscape as AI-driven threats, machine identity proliferation, and tightening regulatory requirements reshape cybersecurity across the region. The deal positions i-Sprint for its next phase of innovation and global expansion, as it continues to invest in next-generation capabilities, while expanding its footprint across the region.
This milestone firmly establishes i‑Sprint as one of the region’s largest independent IAM, Quantum Safe and Mobile cybersecurity provider.
Dutch Ng, Chief Executive Officer of i-Sprint, commented:
“This Management Buy-Out is a defining moment for i-Sprint and a testament to the strength of the business we have built and our deep belief in its future. Partnering with KV Asia Capital provides us with the strategic tools and capital to accelerate growth while preserving the entrepreneurial spirit and customer focus that define i-Sprint. We are grateful for the trust and support of our clients, partners, and team—and excited about the future we’re building together.”
KV Asia Capital has a proven track record of scaling growth-stage companies across Asia. Their expertise and financial backing will enable i-Sprint to enhance product offerings, invest in cutting-edge R&D, and pursue new market opportunities with greater agility.
Lee Gan Ping, Managing Director, at KV Asia Capital, said:
“We are thrilled to partner with i-Sprint’s founders and management team, whose deep domain expertise and track record has earned the trust of Asia’s leading financial and government institutions. As identity and authentication become increasingly complex and relevant, we look forward to supporting the team in their next chapter of growth. Together, we will scale i-Sprint’s global footprint through accelerated R&D investments and strategic M&A.”
The existing management team will continue to lead the company, ensuring seamless operations and a continued focus on delivering innovative and superior products and services.
Hashtag: #iSprint
The issuer is solely responsible for the content of this announcement.
About i-Sprint Innovations
i-Sprint Innovations is a global leader in Digital Identity, Mobile Security, PQC App Migration, and Brand Protection solutions. For 25 years, i-Sprint has provided award-winning security solutions to financial institutions, multinational corporations, and government agencies worldwide.
About KV Asia Capital
KV Asia Capital is a private equity firm dedicated to partnering management teams and companies across Southeast Asia. The firm has a multi-year track record of successfully investing behind management teams to drive strategic transformation and growth of mid-market businesses into regional success stories.
Media OutReach
Vietnam Airlines Steps Up Market Promotion Efforts in Europe
The event, joined by the Ambassador of Vietnam to the Netherlands, Mr. Ngo Huong Nam, served as a strategic platform to introduce the new route to key European travel partners. The gathering highlighted Vietnam’s growing appeal as a top-tier destination and reinforced the airline’s mission to bridge Vietnam with Europe’s most vital economic hubs.
Beginning June 16, 2026, Vietnam Airlines will operate three weekly round-trip flights using the state-of-the-art Airbus A350 wide-body aircraft. As the first-ever direct link between the two nations, this service will drastically reduce travel time and position Amsterdam as a primary gateway for passengers traveling from Europe to Southeast Asia.
The flight schedule is optimized for maximum convenience, offering seamless onward connections from Hanoi to Vietnam’s most iconic destinations, including Ho Chi Minh City, Da Nang, Nha Trang, and Phu Quoc, as well as broader regional networks across Northeast Asia and Australia.
“Europe remains a cornerstone of our international growth strategy,” stated Nguyen Quang Trung, Executive Vice President of Vietnam Airlines. “The launch of the Hanoi–Amsterdam route is a testament to our dedication to the European market. By strengthening our ties with regional travel and tourism partners, we are creating a vital corridor for trade, cultural exchange, and tourism between Vietnam and the Netherlands.”
With the addition of Amsterdam, Vietnam Airlines now operates 12 nonstop services to eight major European cities, including Paris, Frankfurt, London, Munich, Milan, Copenhagen, and Moscow. This expansion solidifies the national flag carrier’s role in connecting Vietnam with global economic centers while showcasing the nation’s culture and hospitality to the world.
Hashtag: #VietnamAirlines
The issuer is solely responsible for the content of this announcement.
Media OutReach
VinFast and the Rise of a New Gulf Lifestyle
As Gulf cities hardwire sustainability into daily life, VinFast is shaping an electric lifestyle that feels like a smart, seamless routine, with its climate-ready design, long-term warranty confidence and software-driven convenience woven into everyday driving.
DUBAI, UAE – Media OutReach Newswire – 12 March 2026 – Over the past five years, GCC countries have made EV adoption a clear priority. Saudi Arabia’s Vision 2030, the UAE’s Net Zero 2050 strategy and Qatar’s National Vision 2030 have moved from policy language to pavement. Master-planned districts in Riyadh are wired for electric charging from day one. Residential towers in Dubai and Abu Dhabi market EV-ready parking as a premium amenity. In Doha and Manama, public chargers now stand in mall basements and along waterfront boulevards, quietly normalizing a different way to refuel.
With that, a new lifestyle is taking shape. The clearest sign is how refueling is moving into the home, often happening quietly overnight. In the not-so-distant future, some drivers may struggle to recall the last time they stood beside a pump in the heat, watching the numbers climb under fluorescent lights.
Into this transition steps VinFast, a young global brand intent on making those new habits stick. Its focus is to make the interactions around them feel at least as convenient as traditional ownership, if not more so. In other words, to make EV living workable at scale, for everyone.
The VF 8 sits at the center of that effort. Fine-tuned for Gulf conditions, it pairs vegan leather seating with ventilation and heating functions suited to dramatic seasonal swings. Dual-zone climate control integrates air-quality management and ionization, a practical feature in cities where dust storms are not rare events. The cabin is anchored by a large 15.6-inch infotainment display, sized generously enough that drivers are not left squinting at navigation prompts or climate settings mid-traffic.
More subtly, the VF 8 encourages new expectations around what a car should do. Over-the-air update capability allows the vehicle’s software to improve over time. Driver profiles synchronize settings and climate preferences, useful in households where one vehicle rotates between work commutes, school runs and weekend trips. Smart modes such as pet mode and camp mode extend the car’s role beyond transport, accommodating both urban density and the region’s fondness for desert getaways.
VinFast has also worked to address the psychological side of the green transition. An expectation-surpassing element of the VinFast ownership experience is its warranty package: a 10-year or 200,000-kilometer vehicle warranty, a 10-year unlimited battery warranty and five years of free maintenance up to 100,000 kilometers, all structured to make durability and cost predictability part of the standard equation rather than an added extra. A recently signed Memorandum of Understanding with PlusX Electric in the UAE focuses on portable charging pods, on-demand mobile charging and emergency roadside support.
Taken together, these elements frame sustainability as simply another way of moving through the world, rather than an act of sacrifice, and arguably a more efficient one at that. Fewer service visits. Predictable maintenance costs. Charging woven into the domestic routine.
Across the Gulf, greener living is unfolding in just that manner. The progress can be gradual, almost mundane, yet it is unmistakably forward. VinFast’s role is to ensure that when a driver chooses electric mobility, the surrounding experience feels stable, supported and suited to regional realities.
Hashtag: #Vinfast
The issuer is solely responsible for the content of this announcement.
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