Seamec Limited has informed the Exchange about Bimco Charter Party with M/s, A D Engineers & Contractors LLP for Charter Hire of Vessel SEAMEC III
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Seamec Limited has signed a BIMCO Charter Party dated August 11, 2025, with M/s. A.D. Engineers & Contractors LLP, Mumbai, to charter its vessel 'SEAMEC III'. The vessel will be deployed in the ONGC Oilfield on India's West Coast for SAT Diving and Air Diving jobs. The firm contract period is 70 days, with an option for extension on mutually agreed terms, and operations are expected to begin between October 15 and October 25, 2025. The total estimated contract value is around INR 61.13 crore (INR 61,13,25,000), exclusive of GST. The contract is domestic, in the normal course of business, and is not a related-party transaction.
This is a sizeable new contract worth roughly INR 61 crore that provides revenue visibility for Seamec in H2 FY26, which should be viewed positively by shareholders. The deal also reinforces the company's relationship with ONGC-linked work, a key revenue area for vessel operators.