Mr. Heng Kheng Seng sets up sole proprietorship to operate two wooden ferries between Singapore and the Southern Islands

Penguin Boat Services Pte. Ltd. is formed to own and operate a fleet of eight passenger ferries

Penguin acquires first shipyard in Singapore to service its own fleet.

Penguin builds its first aluminium vessel

Penguin Boat International goes public on the Singapore Stock Exchange

Pelican Offshore Services is formed to own and operate a fleet of crewboats and Fast Supply Intervention Vessels (FSIV).

Penguin builds first FSIV for Pelican

Penguin commissions new shipyard in Singapore with a 500MT straddle carrier.

Penguin Shipyard delivers two 50m FSIV with a top speed of 32 knots, the largest and fastest built in Southeast Asia

Penguin acquires shipyard in Batam, Indonesia

Pelican Offshore Services acquires its first Anchor Handling Tug/ Supply Vessel.

Penguin Shipyard delivers its first "Penguin FLEX-36" crewboat.

Pelican Offshore Services clinches US$23 million contract to build three prototype steel FSIV for the Abu Dhabi National Oil Company, in partnership with Penguin Shipyard International

Penguin lands first third-party ferry management and operations contract in the Middle East with Dubai's Roads and Transport Authority

Penguin changes name to "Penguin International" to more accurately reflect its status as an integrated marine and offshore services provider

Penguin Shipyard signs first shipbuilding contract with a West African ship owner