Deals15 Jul 2026, 08:57 am
Seamec Ltd Signs Charter Party for Barge SEAMEC GLORIOUS
AI Summary
Seamec Ltd has executed a Bimco Charter Party agreement with M/s. Lamprell Energy Limited for the charter hire of its barge "SEAMEC GLORIOUS". The barge will be deployed for offshore accommodation and hook-up work for ONGC projects in Mumbai High, West Coast Offshore, and Daman Oilfield. The contract has a firm period of 180 days, with an option for extension, and is set to commence between October 15-31, 2026. The total contract value is USD 5.21 million, inclusive of GST. This agreement signifies continued business operations and revenue generation for Seamec Ltd in the offshore oil and gas support sector.
Key Highlights
- Seamec Ltd secures charter hire agreement for barge SEAMEC GLORIOUS.
- Contract duration is 180 days firm with extension option.
- Total contract value stands at USD 5.21 million.
- Barge to support ONGC projects in offshore Mumbai High and Daman.
- Charter commencement window is October 15-31, 2026.
Price Impact
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