SEAMEC bags USD 5.21M charter deal with Lamprell for ONGC offshore project
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SEAMEC Limited signed a 180-day charter party agreement with Lamprell Energy Limited to charter its Barge SEAMEC GLORIOUS for offshore work at Mumbai High and West Coast including Daman Oilfield, supporting an ONGC project. Contract value is USD 5.21 million inclusive of GST, starting between Oct 15-31, 2026, with extension option. Not a related party transaction.
Secures revenue visibility for H2 FY27. Foreign currency earnings and ONGC-backed client reduce counterparty risk. Improves barge utilization.