tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

SEAMEC Limited Secures Charter Hire Agreement for SEAMEC III

Story Highlights
SEAMEC Limited Secures Charter Hire Agreement for SEAMEC III

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

SEAMEC Limited ( (IN:SEAMECLTD) ) has issued an update.

SEAMEC Limited has announced a Bimco Charter Party agreement with A.D. Engineers & Contractors LLP for the charter hire of its vessel SEAMEC III. The vessel will be used for SAT Diving and Air Diving operations in the ONGC Oilfield on the West Coast of India. The contract is valued at approximately INR 61.13 crore and is set for a firm period of 70 days, with an option for extension. This agreement is expected to enhance SEAMEC’s operational capabilities and strengthen its market position in the marine services sector.

More about SEAMEC Limited

SEAMEC Limited operates in the marine and offshore services industry, providing specialized services such as SAT Diving and Air Diving. The company focuses on chartering vessels for operations in oilfields, particularly on the West Coast of India.

Average Trading Volume: 1,645

Technical Sentiment Signal: Sell

Current Market Cap: 20.13B INR

Find detailed analytics on SEAMECLTD stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1