Deals4 Dec 2025, 04:12 pm
Seamec Ltd Secures 5-Year Contract with HAL Offshore for Charter Hire of SEAMEC AGASTYA
AI Summary
Seamec Ltd has entered into a Contract with HAL Offshore Limited for offering Charter Hire of the Multi Support Vessel SEAMEC AGASTYA (erstwhile NPP NUSANTARA) for deploying the same in the ONGC under HAL's ongoing Contract. The Charter rate is US$ 25,000 per day for the balance period of 4 years, amounting to a Charter value of around US$ 43.07 million inclusive of GST. This transaction is a Related Party Transaction, done at Arm’s Length and in the normal course of business.
Key Highlights
- Seamec Ltd secures a 5-year Contract with HAL Offshore Limited for Charter Hire of SEAMEC AGASTYA
- The Charter rate is US$ 25,000 per day for the balance period of 4 years
- The Charter value is around US$ 43.07 million inclusive of GST
- This is a Related Party Transaction, done at Arm’s Length and in the normal course of business
- HAL Offshore Limited holds 70.77 % of shareholding in SEAMEC Limited