Penguin International

Quote:As a Singaporean, I certanly hope not to see a Singapore company producing boats for pirates. Let's hope this will not be true.

Flex boat is too high end for pirate. If they capture one, they probably will sell it for $$$.
Pirates will just take an old boat(preferable a very light boat) and mount two or three high performance engines.

Not sure whether this had been posted here..
http://www.maritime-executive.com/magazi...d-the-pond

According to an independent database, there were 183 midsized aluminum crewboats built in the last five years, 76 by Penguin International at its shipyards in Singapore and Indonesia. “At Penguin, we are building on our established Flex brand of crewboats to offer a range of vessels that perform a variety of offshore and security duties from Asia to Africa,” states James Tham, Managing Director of Penguin in Singapore.


I suppose the light arm patrol boats' demand is simply because of the heightened piracy concern especially in the west africa regions.
With 27 knots, these boats can outrun most pirates.

(15-02-2015, 11:57 AM)yeokiwi Wrote:

Quote:As a Singaporean, I certanly hope not to see a Singapore company producing boats for pirates. Let's hope this will not be true.

Flex boat is too high end for pirate. If they capture one, they probably will sell it for $$$.
Pirates will just take an old boat(preferable a very light boat) and mount two or three high performance engines.

Not sure whether this had been posted here..
http://www.maritime-executive.com/magazi...d-the-pond

According to an independent database, there were 183 midsized aluminum crewboats built in the last five years, 76 by Penguin International at its shipyards in Singapore and Indonesia. “At Penguin, we are building on our established Flex brand of crewboats to offer a range of vessels that perform a variety of offshore and security duties from Asia to Africa,” states James Tham, Managing Director of Penguin in Singapore.


I suppose the light arm patrol boats' demand is simply because of the heightened piracy concern especially in the west africa regions.
With 27 knots, these boats can outrun most pirates.

Hi yeokiwi, thanks for the assurance.

(15-02-2015, 11:57 AM)yeokiwi Wrote: Not sure whether this had been posted here..
http://www.maritime-executive.com/magazi...d-the-pond

According to an independent database, there were 183 midsized aluminum crewboats built in the last five years, 76 by Penguin International at its shipyards in Singapore and Indonesia. “At Penguin, we are building on our established Flex brand of crewboats to offer a range of vessels that perform a variety of offshore and security duties from Asia to Africa,” states James Tham, Managing Director of Penguin in Singapore.


I suppose the light arm patrol boats' demand is simply because of the heightened piracy concern especially in the west africa regions.
With 27 knots, these boats can outrun most pirates.

This is a very good article, as it has described quite clearly the special features and wide usage of Penguin's Flex crew boats. Indeed, Penguin is a very special and prolific crew boat builder.

Is ST Marine a competitor to Penguin since the Flex Fighter is targeted at the security market? Have Penguin won any gahmen contract?

(15-02-2015, 11:52 PM)touzi Wrote: Is ST Marine a competitor to Penguin since the Flex Fighter is targeted at the security market? Have Penguin won any gahmen contract?

I doubt so. ST Marine focuses on military battle ship, rather on petrol boat.

Petrol boat is like police petrol car, which uses commercially available car e.g. BMW, with post-sale enhancement, rather than custom-made

(vested)

(16-02-2015, 10:28 AM)CityFarmer Wrote: I doubt so. ST Marine focuses on military battle ship, rather on petrol boat.

Petrol boat is like police petrol car, which uses commercially available car e.g. BMW, with post-sale enhancement, rather than custom-made

(vested)

So do they own the technology like BMW or they just integrate some other companies' technology. Their AR mentioned R&D, so do they own patents? Thanks.

Anybody knows when the result will be out? I initiated position on this hidden gem while it's still under the radar.

(17-02-2015, 12:20 PM)Bubbachuck Wrote: Anybody knows when the result will be out? I initiated position on this hidden gem while it's still under the radar.

I get my source from Bloomberg but I am curious how they get the info. So far it has been pretty accurate. Results will be on CNY Eve.

when you see a big change up or down in the share price means result is out

Or just come VB forum everyday, so many Penguin fans here, definitely will be updated quickly on VB as well

(16-02-2015, 11:45 PM)touzi Wrote:

(16-02-2015, 10:28 AM)CityFarmer Wrote: I doubt so. ST Marine focuses on military battle ship, rather on petrol boat.

Petrol boat is like police petrol car, which uses commercially available car e.g. BMW, with post-sale enhancement, rather than custom-made

(vested)

So do they own the technology like BMW or they just integrate some other companies' technology. Their AR mentioned R&D, so do they own patents? Thanks.

I reckon Penguin is focus more on the "D" in the R&D.

Penguin has consistently introduced new boat design, which either completing the product offering, or improved the existing product.

(vested)