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Bhagwan Marine Ltd. ( (AU:BWN) ) has issued an announcement.
Bhagwan Marine Limited has secured a five-year contract with Jadestone Energy for its Coral Knight vessel, valued at approximately AUD$15 million annually. This contract, which extends existing services, underscores Bhagwan’s strategic focus on the offshore energy sector and the growing demand for larger vessels. The Coral Knight, acquired in early 2025, has been instrumental in supporting Jadestone’s Montara Field operations, enhancing Bhagwan’s capabilities in the Australian offshore sector. The contract reflects Bhagwan’s steady growth in the offshore energy market and validates its strategic vessel acquisition, highlighting the high demand for such vessels in a competitive market.
The most recent analyst rating on (AU:BWN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bhagwan Marine Ltd. stock, see the AU:BWN Stock Forecast page.
More about Bhagwan Marine Ltd.
Bhagwan Marine is Australia’s largest listed marine solutions company, serving the offshore energy, subsea, ports & inshore, and defense sectors. The company boasts a diverse fleet and is the largest in-house marine crewing provider in Australia, employing over 1,000 professionals, including 200 qualified divers. Known for its strong safety culture and operational excellence, Bhagwan Marine has established long-standing partnerships with major energy and mining companies, construction firms, and government agencies.
Average Trading Volume: 521,470
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$132.1M
For detailed information about BWN stock, go to TipRanks’ Stock Analysis page.