PT Newport Marine Services Tbk (BOAT.JK) operates as a shipowner and management company that provides marine, seismic, and offshore services primarily supporting oil and gas exploration and production activities; its core offerings include boat rental services for utility vessels and anchor-handling tug supply (AHTS) vessels, with a fleet comprising four utility vessels and two AHTS vessels. The company targets customers in the energy sector, focusing on offshore support in Indonesia's oil, gas, and coal industries. Founded in 2008 and headquartered at Thamrin Residences Office Park Unit C18, Jl. M.H. Thamrin No. 48, Central Jakarta, Indonesia, it conducts operations mainly in Indonesian waters.
In November 2024, the company completed its initial public offering (IPO) on the Indonesia Stock Exchange, listing under the ticker BOAT.JK to raise capital for fleet expansion and operational growth. This listing marks a significant strategic shift from private ownership to public markets, enhancing its ability to fund new vessel acquisitions and service enhancements amid rising offshore demand. No major acquisitions, partnerships, or product launches have been reported in the past year beyond the IPO preparations.