Seamec Limited has informed the Exchange regarding 'Intimation on Deployment Status of Vessel "SEAMEC III"'.
SEAMECLTD · price
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Awaiting price reaction for this filing.
Seamec Limited has informed the stock exchanges that its vessel 'SEAMEC III' has completed its contract with M/s. Mubarak Bridge Maritime FZCO and has been off-hired (released) effective June 25, 2025 at 11:00 hours. This is a follow-up to earlier letters dated June 6 and June 19, 2025 regarding the same vessel. The company is an offshore marine contractor and a member of the MMG Group. No details on the contract value, duration, or replacement deployment have been disclosed in this filing.
The off-hire of SEAMEC III means the vessel is no longer earning revenue, which could pressure the company's short-term income until a new contract is secured. However, the completion appears to be on schedule rather than a cancellation, and no immediate negative surprise is indicated. Investors should watch for a follow-up announcement about a new deployment for the vessel.