Penguin Shipyard International (“PSI”), a wholly owned subsidiary of Singapore‐based Penguin International Limited (“PIL”), has delivered its first Flex‐38 Green Crewboat, “Pelican Grace”, following a successful sea trial that saw the triple screw 38‐metre crewboat achieve cruising speeds of over 24 knots with a fuel consumption rate of only 510 litres per hour, which is substantially less than the fuel consumption of other mid‐sized, mechanically powered crewboats. The Flex‐38 is a joint development by PSI…