• Marco Polo Marine announced on October 22, 2026, that Baramgil Corp formed Baramgil Offshore, a Korean joint venture with NSEL.
• Baramgil Corp is 90% owned by PKR Offshore, in which the group holds an indirect 49% stake.
• The venture is 49% owned by Baramgil Corp and 51% by NSEL; it will operate, manage and charter vessels.
• Initial paid-up capital totals KRW 110 million (approximately S$ 106,000), with Baramgil Corp’s investment funded from internal resources.
• No material impact is expected on consolidated net tangible assets or earnings per share for the year ending September 30, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marco Polo Marine Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: BWNR4Y09GX3WO96T) on October 22, 2026, and is solely responsible for the information contained therein.