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??is it time to accumulate
Friday pm this sleeping bird sudden moving, seeing active, someone tried SGX web with no info, I discover this copy in Smartinvestor. (op:0.23,high 0.26, cl:0.245,up 6.5%, vol:1.69m)
Jan 08 Smartinvestor
Penguin Boat International Limited has taken delivery of the second anchor handling towing and supply vessel(AHTS), 'Pelican Quest. To be funded by internal resources and bank borrowings, the 'Pelican quest', is slated for long-term charter with an oil company in the region.
The first AHTS has been on a long-term time charter in Vietnam for the past year, supporting the offshore oil and gas production operations.
In recent monthes, Penguin shipyard International Pte Ltd (PSI) has signed contracts to build two offshore crew boats, worth around US$7million in total, and two offshore Safety Standby Rescue Vessels, worth about 25million in total.
The latest orders place PSI on a firm footing for its eventual spin-off from the integrated marine and offshore services group.
Penguin announced its intention to spin off PSI to realise the shipyard's value for its shareholders and streamline its offshore and integrated marine group.