CUB, Enterprise Singapore support $190m ORV for Marco Polo

Marco Polo Marine poised for growth through the strategic partnership, CEO says.

Cathay United Bank (CUB) Singapore has partnered with Enterprise Singapore to provide a long-tenor guarantee facility of up to six years, supporting Marco Polo Shipyard Pte Ltd in constructing a specialised oceanographic research vessel (ORV) for Taiwan’s National Academy of Marine Research.

The $190m deal is the subsidiary’s largest contract to date, involving the construction of a 4,000-gross-tonne vessel equipped with advanced green and energy-efficient technologies.

The facility combines tailored financing with a risk-sharing structure, delivering an end-to-end structured trade finance solution.

“We are also privileged to have the support and partnership of Enterprise Singapore on this transaction, reflecting the strength of public-private collaboration in supporting Singapore companies on major regional projects,” Ng Li Lian, Corporate Banking, Cathay United Bank (Singapore), said.

Sean Lee, CEO of Marco Polo Marine, added that the partnership with CUB, together with the support of Enterprise Singapore, will strengthen the company’s ability to take on large-scale regional contracts, positioning it for long-term growth.

NT$1 = S$0.041

Follow the link for more news on

Enterprise Singapore

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia