Seamec Limited — Important, 24-12-2024: Memorandum of Understanding/Agreements

SEAMEC has announced a board meeting regarding the Bimco Charter Party with Asian Energy Services Limited for charter hire of the vessel "SEAMEC III." The firm operational period is set for 15 days, starting between January 15 and January 25, 2025, with the total contract value estimated at USD 2.47 million, excluding GST. This strategic move positions SEAMEC to enhance operational capabilities and revenue generation in the East Coast of India. For investors, this development may reflect a positive outlook by expanding service offerings and solidifying partnerships, though the standby rate during mobilization could temporarily affect cash flow.