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Penguin International says Middle East fleet safe as diversified routes limit disruption

Story Highlights
  • Penguin reports all Middle East staff and vessels are safe and fully operational.
  • Diversified revenues and rerouted vessel deliveries shield Penguin from regional disruption.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Penguin International says Middle East fleet safe as diversified routes limit disruption

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An announcement from Penguin International Limited ( (SG:BTM) ) is now available.

Penguin International has confirmed that all masters, crew and shore-based staff in Saudi Arabia and the UAE are safe, and that all 11 of its crewboats deployed in the Middle East remain operational despite the ongoing conflict. The company emphasised that personnel safety is its top priority as it monitors geopolitical developments in the region.

Management highlighted that revenue from the Middle East accounted for only 12.3% of the group’s FY2025 turnover, with the bulk of sales coming from Europe, Africa, Singapore and the rest of Southeast Asia, underscoring its structural resilience and limited dependence on any single region. The group added that vessel deliveries to Africa and Europe remain on track, with routes planned via the Cape of Good Hope and away from the Red Sea and Suez Canal, leaving current mobilisations largely insulated from regional disruptions.

The most recent analyst rating on (SG:BTM) stock is a Hold with a S$1.50 price target. To see the full list of analyst forecasts on Penguin International Limited stock, see the SG:BTM Stock Forecast page.

More about Penguin International Limited

Penguin International Limited is a Singapore-incorporated marine services group operating a global fleet of 34 crewboats. The company derives diversified revenue from markets including Europe, Africa, the Middle East, Singapore and Southeast Asia, and supplies specialised vessels such as Flex Fighter security boats to customers including European and African shipowners.

YTD Price Performance: 40.16%

Average Trading Volume: 9,010

Technical Sentiment Signal: Buy

Current Market Cap: S$391.9M

For a thorough assessment of BTM stock, go to TipRanks’ Stock Analysis page.

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