Seamec Limited has informed the Exchange regarding 'Updates - Extenstion of charter hire of Vessel SEAMEC II'.
SEAMECLTD · price
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Seamec Limited has informed the exchanges that the charter hire contract for its vessel SEAMEC II has been extended from July 24, 2025, to February 02, 2026. The extension was notified by ONGC, which is the charterer of the vessel. This is a follow-up to a previous communication about the same vessel. The company has disclosed this under SEBI Listing Regulations, and the event occurred on July 08, 2025.
The extension secures continued revenue from Vessel SEAMEC II for roughly six more months with ONGC, providing near-term earnings visibility. For shareholders, this is a positive operational update as it means uninterrupted utilisation of the vessel without the need to find a new client.