ABS Marine Services Secures ₹260.7 Million Contract, Launches Charter For M.V. Ocean Diamond

ABS Marine Services Ltd has announced the initiation of charter services for its vessel M.V. Ocean Diamond, following the execution of a long-term contract worth ₹260.7 million. The development signals continued growth in the company’s offshore support and marine logistics operations, particularly in servicing energy and infrastructure projects.

The charter agreement is expected to contribute significantly to ABS Marine’s revenue stream over the contract period, while enhancing its fleet utilization and operational footprint.

Key highlights from the announcement include:  

• The ₹260.7 million contract reflects strong demand for specialized marine logistics and offshore support services.
• M.V. Ocean Diamond will operate under a multi-year charter, supporting project logistics and crew transport.
• The vessel is equipped for deep-sea operations and complies with international safety and environmental standards.
• ABS Marine continues to expand its fleet capabilities to meet rising demand from oil & gas, port infrastructure, and renewable energy sectors.
• The company’s strategic focus includes fleet modernization and long-term charter partnerships with domestic and global clients.
   

Sources: Reuters, ABS Marine Services Ltd Exchange Filings, MarineLink India.