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Rig Tenders Tbk (RIGS)

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Holds more cash than debt on its balance sheet
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52 wk Range
498.00 / 500.00
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Rig Tenders Tbk Company Profile

PT Rig Tenders Indonesia Tbk provides marine logistics services for the oil and coal industry in Indonesia. It operates in two segments, Coal Transportation Services and Offshore Support Vessel Services. The company provides charters tugboats and barges to coal mining companies for the transportation of coal and other bulk aggregates. It consists of chartering supply vessels and accommodation work barges to upstream oil and gas companies for supporting their offshore operations. In addition, the company offers catering, and ship and crew management services. Its fleet comprises approximately 36 units of tugboats, 7 discharging barges, 20 barges, flat top barges, and self-discharging barges. The company was incorporated in 1974 and is headquartered in Jakarta, Indonesia. PT Rig Tenders Indonesia Tbk is a subsidiary of PT Surya Indah Muara Pantai.

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