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Federal International Updates on Fire Incident Impact

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Federal International Updates on Fire Incident Impact

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An update from Federal International (2000) Ltd ( (SG:BDU) ) is now available.

Federal International (2000) Ltd announced an update regarding a fire incident on an FSO vessel owned by its associated company, PTEJ, in Batam, Indonesia. The fire, which occurred during a periodic survey, was contained to one cargo tank and is not expected to delay the ongoing dry-docking or incur significant costs, minimizing the impact on the company’s operations and stakeholders.

More about Federal International (2000) Ltd

Federal International (2000) Ltd, established in 1974 and listed on the Singapore Stock Exchange in 2000, is a prominent integrated service provider and procurement specialist in the oil and gas, and energy industries. The Group’s main trading business, contributing over 90% of total turnover, focuses on forming strategic partnerships, such as with PT Gunanusa Utama Fabricators, to support projects for major oil companies. Additionally, the Group offers turnkey fire detection and suppression solutions and operates a design and manufacturing facility in Scotland.

Average Trading Volume: 18,597

Technical Sentiment Signal: Buy

Current Market Cap: S$23.21M

See more data about BDU stock on TipRanks’ Stock Analysis page.

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