SEAMEC III completes pipeline projects, enters drydocking

1 min read     Updated on 01 Jun 2026, 05:45 PM
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AI Summary

SEAMEC Limited disclosed that its vessel SEAMEC III completed the second Part Replacement Pipeline Project, PRP-VIII A, and DSF II Project for G R Infraprojects Limited. The vessel off-hired on May 31, 2026, at 15:00 hrs and is scheduled for drydocking in the first week of June 2026.

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SEAMEC Limited announced that its vessel SEAMEC III has successfully completed its second Part Replacement Pipeline Project, Pipeline Replacement Project – Group A (PRP-VIII A) and DSF II Project with M/s. G R Infraprojects Limited. The vessel off hired with effect from May 31, 2026, at 15:00 hrs. The development was disclosed to the exchanges under Regulation 30 on May 31, 2026.

Following the completion of these projects, the vessel is scheduled to undergo drydocking in the first week of June 2026. The company informed BSE Limited and National Stock Exchange of India Limited regarding the deployment status and the subsequent off-hiring of the vessel.

Project Details

The projects completed by SEAMEC III were undertaken for G R Infraprojects Limited. The specific projects included the second Part Replacement Pipeline Project and the DSF II Project. The completion of these assignments marks the end of the vessel's current operational contract before its scheduled maintenance.

Key Dates and Events

Event Date and Time
Completion of Projects May 31, 2026 at 15:00 hrs
Off-hiring of Vessel May 31, 2026 at 15:00 hrs
Scheduled Drydocking First week of June 2026
Intimation to Exchanges May 31, 2026 at 16:01 hours

Historical Stock Returns for Seamec

1 Day5 Days1 Month6 Months1 Year5 Years
+1.16%+0.71%+3.20%+71.41%+80.47%+232.05%

What is the expected duration and financial impact of the drydocking scheduled for June 2026?

Does SEAMEC Limited have new contracts lined up for SEAMEC III following its maintenance period?

How will the completion of these projects with G R Infraprojects influence SEAMEC's future partnership opportunities?

SEAMEC GLORIOUS arrives at Pipava Yard for statutory drydocking

0 min read     Updated on 30 May 2026, 02:48 PM
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SEAMEC Limited disclosed that its barge SEAMEC GLORIOUS arrived at Pipava Yard on May 29, 2026, at 08:15 hrs for scheduled statutory drydocking at SWAN Defence and Heavy Industries Limited. The company confirmed the vessel will return to Mumbai after the process and will update the exchanges in due course.

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SEAMEC Limited announced that its barge SEAMEC GLORIOUS arrived at Pipava Yard on May 29, 2026, at 08:15 hrs to undertake scheduled statutory drydocking. The maintenance activity is being conducted at SWAN Defence and Heavy Industries Limited. The vessel is expected to return to Mumbai following the completion of the drydock process.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update follows a previous communication dated May 22, 2026, regarding the vessel's off-hire status. The company confirmed that the specific date and time of receipt of this information was May 29, 2026, at 08:28 hours.

Key Details of the Drydocking

Detail Information
Vessel Name SEAMEC GLORIOUS
Arrival Date May 29, 2026
Arrival Time 08:15 hrs
Location Pipava Yard
Service Provider SWAN Defence and Heavy Industries Limited
Purpose Statutory Drydocking

The company stated that it will intimate the exchanges regarding the vessel's return to Mumbai in due course. S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary, signed the disclosure on behalf of SEAMEC Limited.

Historical Stock Returns for Seamec

1 Day5 Days1 Month6 Months1 Year5 Years
+1.16%+0.71%+3.20%+71.41%+80.47%+232.05%

What is the estimated duration of the drydocking process, and how will this period of off-hire impact SEAMEC's Q2 FY2027 revenue?

Will the maintenance at Pipava Yard incur any additional capital expenditures beyond the standard budgeted provisions for statutory drydocking?

How does the current off-hire status of SEAMEC GLORIOUS affect the company's existing charter commitments or backlog?

More News on Seamec

1 Year Returns:+80.47%