SEAMEC PALADIN arrives in India, to resume ONGC charter

1 min read     Updated on 03 Jul 2026, 01:43 AM
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SEAMEC Ltd reported that its vessel SEAMEC PALADIN arrived in India on July 02, 2026, following a delay in Dubai caused by a geopolitical situation after dry docking. The vessel is set to resume its Long Term Charter with ONGC in approximately 15 days after completing necessary formalities.

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SEAMEC Ltd announced that its vessel SEAMEC PALADIN arrived in India on July 02, 2026, at 15:45 hrs. The vessel had been held up in Dubai following the completion of dry docking due to a geopolitical situation. The arrival marks the end of the vessel's delay and its return to operational waters.

Following the completion of necessary formalities, SEAMEC PALADIN is scheduled to be redeployed with ONGC. The vessel will resume its Long Term Charter with the energy major in approximately 15 days. This redeployment is expected to restore the vessel's contribution to the company's revenue stream.

The company informed the stock exchanges regarding the deployment status via a filing on July 02, 2026. The information was received by the company at 16:33 hours on the same day. S.N. Mohanty, President - Corporate Affairs, Legal and Company Secretary, signed the disclosure.

Deployment Details

Detail Information
Vessel Name SEAMEC PALADIN
Arrival Date July 02, 2026
Arrival Time 15:45 hrs
Previous Location Dubai
Reason for Delay Geopolitical situation post dry docking
Redeployment Client ONGC
Charter Type Long Term Charter
Expected Redeployment ~15 days

Historical Stock Returns for Seamec

1 Day5 Days1 Month6 Months1 Year5 Years
-2.79%-4.38%-12.36%+30.32%+62.54%+192.24%

How will the extended delay in Dubai impact SEAMEC Ltd's Q2 FY2027 financial results?

What measures is the company implementing to mitigate similar geopolitical risks for its other vessels?

Will the redeployment with ONGC include any compensation for the downtime experienced during the delay?

SEAMEC Ltd vessel SEAMEC AGASTYA resumes operations

0 min read     Updated on 23 Jun 2026, 11:37 AM
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SEAMEC Ltd disclosed that its vessel SEAMEC AGASTYA returned to the field and was on hire starting June 23, 2026, at 00:30 hrs. The update follows technical redressal work and was submitted to exchanges under SEBI regulations.

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SEAMEC Ltd announced that its vessel SEAMEC AGASTYA has returned to the field and is on hire effective June 23, 2026. The deployment follows the completion of technical redressal work on the vessel. The company informed the stock exchanges regarding the status update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The vessel resumed operations at 00:30 hrs on June 23, 2026. This development comes after the company previously communicated the off-hire status of the vessel in a letter dated June 15, 2026. The resumption marks the end of the technical intervention period.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited. The communication was signed by S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary of SEAMEC Ltd.

Detail Information
Vessel Name SEAMEC AGASTYA
Status On Hire
Effective Date June 23, 2026
Time 00:30 hrs
Reason for Update Technical redressal completed

Historical Stock Returns for Seamec

1 Day5 Days1 Month6 Months1 Year5 Years
-2.79%-4.38%-12.36%+30.32%+62.54%+192.24%

What is the projected financial impact of the vessel returning on hire for the current fiscal quarter?

Will the technical redressal work lead to any changes in the vessel's day rate or contract duration?

How does the downtime period from June 15 to June 23 affect SEAMEC Ltd's overall fleet utilization for the year?

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1 Year Returns:+62.54%