Seamec Limited Secures Charter Hire Agreement Worth USD 5.21 Million
Seamec Limited entered a Bimco Charter Party with Lamprell Energy Limited for its barge SEAMEC GLORIOUS. The contract is for 180 days with an extension option, commencing between October 15-31, 2026. The total value is USD 5.21 million (approx. ₹43.4 crore).
The contract value of USD 5.21 million is significant and contributes to the company's order book and future revenue, impacting its operational scale.
The company has secured a new charter hire agreement, which is a positive development for its business operations and revenue generation.
Seamec Limited has announced the execution of a Bimco Charter Party with M/s. Lamprell Energy Limited for the charter hire of its barge, SEAMEC GLORIOUS. This agreement is for offshore accommodation and hook-up work, supporting a project by Oil and Natural Gas Corporation Limited (ONGC) in the Mumbai High & West Coast Offshore regions, including the Daman Oilfield.
The firm period of the charter is set for 180 days, with an option for extension. The charter is expected to commence between October 15, 2026, and October 31, 2026. The total value of this contract, inclusive of GST, amounts to USD 5.21 million (approximately ₹43.4 crore).
This agreement does not involve any related party transactions and is considered an arm's length transaction.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Seamec Limited. Read the original for the full detail.