Seamec Limited has informed the Exchange regarding 'Intimation on Deployment Status of Vessel SEAMEC PRINCESS'.
SEAMECLTD · price
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Seamec Limited informed the exchange that its vessel 'SEAMEC PRINCESS' has been demobilized with effect from June 17, 2025, due to the onset of the monsoon season. The vessel had completed the Pipeline Replacement Project VII (PRP-VII RTR) and subsequently moved to Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP). This is a routine seasonal suspension of marine operations common for offshore vessels operating in Indian waters.
This is a routine seasonal update and not a negative event. The demobilization is monsoon-related and expected. It may result in lower revenue contribution from this vessel during the monsoon quarter, but operations are likely to resume post-monsoon.