ADANIPORTS · price
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Adani Ports' marine subsidiary Astro Offshore has signed a contract with US-based Oceaneering International Inc. to pursue specialised offshore and subsea opportunities in Europe. As part of this agreement, Astro Offshore is adding its first ultra-deepwater vessel, Astro Atlas (formerly Energy Savanah), a 2021-built 97-metre DP2 multipurpose support vessel capable of operating in water depths exceeding 3,000 metres. The vessel is equipped with a 150-tonne subsea AHC crane, 25-tonne secondary crane, and accommodation for 100 personnel. This marks APSEZ's entry into specialised subsea operations in Europe as part of its strategy to build one of the world's largest integrated marine platforms. The company targets a 200-vessel fleet with marine revenue of ₹6,000 crore and capex of ₹13,000 crore by FY31.
This strategic partnership and vessel acquisition signals APSEZ's serious expansion into high-value deepwater offshore services internationally, potentially diversifying revenue streams beyond traditional port operations.