Seamec Limited — Others, 05-08-2025: Others

SEAMEC Limited has announced the termination of a Memorandum of Understanding (MOU) with HAL Offshore Limited. This MOU was for the charter hire of SEAMEC's vessel 'SEA PEARL'. HAL Offshore ended the agreement because SEAMEC was unable to deliver the vessel, as it had not been received from the original owner. As a result of this termination, SEAMEC may be liable for liquidated damages due to the non-delivery. This development could lead to unexpected costs for the company, impacting its operational outlook.