Deals21 Oct 2026, 05:10 pm
Seamec Ltd Signs $55M Charter Hire Deal for Vessel SEAMEC ANANT
AI Summary
Seamec Ltd has executed a contract with HAL Offshore Limited for the charter hire of its vessel "SEAMEC ANANT". The vessel will be deployed with Oil and Natural Gas Corporation (ONGC) for IMR jobs. The contract duration is approximately 1225 days, with a total value of USD 55 million, exclusive of GST. This transaction is classified as a related party transaction, as HAL Offshore Limited is the promoter of Seamec Ltd, holding 70.77% shareholding. The company confirms the transaction is on an arm's length basis and in the normal course of business. The execution date of the agreement was October 21, 2026.
Key Highlights
- Seamec Ltd secures USD 55 million charter hire contract.
- Vessel "SEAMEC ANANT" to be deployed with ONGC for IMR jobs.
- Contract duration is approximately 1225 days.
- Transaction is a related party deal with promoter HAL Offshore Ltd.
- Deal is considered an arm's length transaction in normal business.
Price Impact
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