Penguin International

[kelvesy]

I cited my concerns about the oil and Ms Heng from BSL corporate replied:

On behalf of our client, Penguin International Limited (“Penguin”), we thank you for your email.

The Management of Penguin appreciates your long-standing support of the Company and is heartened by your encouragement and positive feedback. The Management is always mindful of shareholders' concerns, particularly in light of declining oil prices, and will continue to keep you updated on significant developments affecting the Company whilst balancing the need for prudence and confidentiality. You have rightfully pointed out that the Management is conservative and has seen the Company through past market cycles.

Please continue to visit Penguin’s website at http://www.penguin.com.sg/ for periodic updates, as well as Management's review and outlook in their upcoming Full Year Results announcement for FY2014.

Meanwhile, you may wish to peruse the following news story that appeared in a recent issue of FairPlay shipping magazine about the impact on OSV's by declining oil prices.

We look forward to your continuing support of the Company and wish you a blessed 2015!

http://www.ihsmaritime360.com/article/16...osv-market