Tuesday, April 24, 2012

Marco Polo

Marco Polo: To form a 50/50 JV with priv co Marine Tankers Hldgs which relate to the owning and mgmt of bunkering vessels and to provide bunkering logistics services around Singapore waters. The co will own and operate 2 double-hulled vessels due for delivery around July 2012. Marco Polo is trading at approx 7.4x P/E.

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