Penguin International Reports Strong FY2024 Performance with Major Shipbuilding Projects

Penguin International Limited ( (SG:BTM) ) has shared an announcement.

During the 2025 Annual General Meeting, Penguin International Limited reported significant achievements in its FY2024 business performance. The company successfully executed larger and more complex newbuild projects, including the construction of its largest vessels to date. These projects involved two diesel-powered 56-metre passenger-cum-vehicle ferries for a Middle Eastern owner and two hybrid windfarm CTVs for a European owner. Additionally, Penguin expanded its crewboats operations in the Middle East and Africa, benefiting from higher charter rates and improved margins.

More about Penguin International Limited

Penguin International Limited is a Singapore-based company involved in the shipbuilding industry. The company specializes in constructing passenger-cum-vehicle ferries and hybrid windfarm crew transfer vessels (CTVs), with a market focus on the Middle East, Africa, and Europe.

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Technical Sentiment Signal: Strong Buy

Current Market Cap: S$224.6M

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