Rig Tenders to buy 27 ships

PT Rig Tenders Tbk will acquire 27 ships at US$54.8 million. The company had signed master agreement with CH Logistics Pte Ltd, Goldship Pte Ltd, PT Batuah Abadi Lines, and International Marine Services Pte Ltd in May 28, 2006. The transaction is pending condition precendents, among others, the collateral agreement with OCBC and shareholders approval.

READ MORE!!!