Richfield International (RIS)

Shares / Stock Code

RIS

Stock Exchange / Sharemarket

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Richfield International (RIS) is an owner and operator of bulk carrier vessels. The company provides a wide range of international seaborne transportation services to owners, operators, managers and charterers of vessels in both the liner and tramper trade. RIS was listed on the Australian Stock Market (ASX) on 23 March, 2006.

Richfield was established in 1984 and undertook an IPO in 2005. In July 2007, the company announced that it has entered into a binding Memorandum of Understanding (MOU) with TT International Ltd which sets out the principles of a proposed merger of TT International's business with RIS to create a consolidated shipping and distribution business.

The company's integrated business model offering a complementary range of port and shipping services to a variety of clients offers economies of scale benefits. RIS has developed extensive contacts in the international shipping community in its two decades of operation in the shipping and maritime transportation business.

Richfield has an international clientele, including charterers, ship owners and operators. It competes with other operators of bulk carrier vessels.