Making Waves: ABS Marine Services Secures ₹206 Million Contract-Industry Applauds

ABS Marine Services Ltd today announced that it has won a significant contract of ₹206 million, a milestone in its continued growth in the shipping industry. The contract, won from Alphard Logistics Pvt Ltd with

end client as M/s Oil & Natural Gas Corporation, for a charter hire of a Offshore DP-2 Platform Supply Vehicle for a period of 158 days, has been awarded to the Company amid increasing demand for specialist marine solutions, is likely to further consolidate the company's position as a top ship management and marine services provider in India.

 

The acquisition of the new project will involve ABS Marine Services employing its technical skill in offshore support and ship management within its mainstream business areas of ship owning, crew management, and technical operations. The new contract acquisition portrays the confidence that the company has in offering quality maritime solutions to private-sector customers and governments.

 

With over three decades of industry experience, ABS Marine Services has consistently delivered better financials and operational performance. The company's revenues have recorded impressive growth in recent years, supported by a diversified fleet and a highly skilled manpower. The company is eagerly awaiting the latest contract to contribute to its revenue stream and enhance its portfolio of services.

 

Industry observers consider this move as a reflection of the professionalism and dependability of ABS Marine Services in the aggressive marine industry. The company remains focused on harnessing such opportunities to achieve sustainable growth and value to stakeholders.

 

Source: Reuters