Seamec Ltd Buys Vessel SEAMEC ANANT for $70M

Seamec Ltd has entered into a Memorandum of Agreement (MOA) with HAL Offshore Limited to acquire the vessel SEAMEC ANANT for USD 70 million. The transaction is a related party transaction, as HAL Offshore Limited is the holding company of Seamec Ltd. The purchase is considered to be in the normal course of business and has been conducted at arm's length. Regulatory compliances have been completed, and the delivery of the vessel is expected around August 31, 2026, subject to the completion of formalities. This acquisition is a significant deal for Seamec Ltd, enhancing its fleet capabilities.