Seamec Limited — Important, 06-06-2025: Agreements

SEAMEC has announced a board meeting on the financial results for the quarter and half-year. It has signed a 20-day charter hire agreement with Dubai-based Mubarak Bridge LLC for its vessel SEAMEC III along India’s West Coast. The contract is valued at USD 2.16 million (~₹17.8 Cr) and covers 24/7 saturation diving, ROV support, surveys, and subsea crane operations. With a daily charter rate of USD 70,000 and an extension option, this deal boosts SEAMEC’s offshore service utilization and revenue visibility.