Seamec Limited — Important, 24-03-2025: Memorandum of Understanding/Agreements

SEAMEC has announced a board meeting on the extension of the charter hire for the vessel SEAMEC III, which has been further extended for a firm period of 15 days with an option for additional extension. The revised charter hire rate is now set at USD 42,000 per day, resulting in a total value of USD 630,000 for the firm period. This extension reflects the company's ongoing relationship with Asian Energy Services Limited, indicating stability and continuity in operations. Investors may view this positively, considering it strengthens cash flows while also managing operational commitments.