Seamec Limited Secures USD 4.6 Lakh Charter Hire Contract for SEAMEC PRINCESS
Seamec Limited's vessel, SEAMEC PRINCESS, secured a charter hire contract worth approximately USD 460,000 with Supreme Offshore Construction & Technical Services Limited. The contract is for SAT Diving and AIR Diving in the ONGC Oilfield and commenced on February 14, 2026, with an initial firm period of 4 days.
The contract value is significant, but the duration is short (4 days firm period), indicating a moderate impact on overall financials.
The company secured a new contract, which is positive for business and revenue generation.
Seamec Limited announced that its vessel, SEAMEC PRINCESS, has been chartered to M/s. Supreme Offshore Construction & Technical Services Limited. The vessel will be deployed for SAT Diving and AIR Diving operations in the ONGC Oilfield, located on the West Coast of India.
The firm period for this charter hire is approximately 4 days, with an option for extension based on mutually agreed terms. The charter commenced on Saturday, February 14, 2026, at 21:30 hrs.
The total value of this contract is approximately USD 460,000, exclusive of Goods and Services Tax (GST). This arrangement falls within the normal course of business and is not considered a related party transaction. The company has provided the necessary details as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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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.