SEAMEC Secures ₹63 Million Charter Contract with HAL Offshore for Vessel MV Goodman

Image Source : India Infoline

Offshore service provider SEAMEC Ltd has announced a new charter party agreement with HAL Offshore Ltd for its vessel MV Goodman. The firm contract period carries a total value of ₹63 million, strengthening SEAMEC’s operational revenue base within the marine and offshore logistics sector.

Marine engineering and offshore services company SEAMEC Ltd has entered into a charter party contract with HAL Offshore Ltd for the deployment of its vessel MV Goodman. The firm contract period holds a total value of ₹63 million, marking another milestone in SEAMEC’s continuous expansion within India’s subsea and marine service ecosystem.

According to SEAMEC’s regulatory filing, the agreement entails chartering MV Goodman for offshore operational support. The contract underscores mutual trust between the two companies, both well-established players in India’s marine and offshore oilfield segments. The contract will commence upon vessel mobilization and is structured for a specified firm period, reflecting SEAMEC’s ongoing efforts to maximize asset utilization and steady cash inflows.

MV Goodman is one of SEAMEC’s versatile offshore support vessels, capable of handling subsea construction, diving, and logistics roles. The charter with HAL Offshore is expected to contribute to SEAMEC’s top-line growth during the contract period and enhance the company’s project execution portfolio.

Industry experts note that the partnership further cements SEAMEC’s role as a key marine support provider within India’s offshore oil and gas ecosystem, at a time when demand for subsea, inspection, and maintenance services is strong due to higher offshore exploration activity.

Notable Updates

Contract Partner: HAL Offshore Ltd
Vessel Involved: MV Goodman
Contract Value: ₹63 million (firm period)
Nature of Agreement: Charter party for offshore operational support
Expected Impact: Strengthens revenue visibility and vessel utilization for SEAMEC
Operational Start: Upon mobilization of MV Goodman
Sector Outlook: Boost from rising offshore energy and maintenance demand in Indian waters

Major Takeaways

The deal enhances SEAMEC’s fleet deployment efficiency and diversifies its charter base.
Reinforces the company’s partnership strength with established offshore operators like HAL Offshore.
Aligns with SEAMEC’s broader strategy to secure consistent revenue from long-term charters amid volatile market conditions.

Sources: SEAMEC Ltd exchange filing, HAL Offshore corporate information

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