Seamec Share News - Latest Updates, Live News & More

Latest news about Seamec

Seamec Limited's HAL Vessel MV GOODMAN Returns to Service After Repairs Nov 19, 2025

Seamec Limited's HAL vessel, MV GOODMAN, has resumed operations on November 22, 2025, at 14:00 hours after being off-hire since November 18, 2025, due to a technical snag. The necessary repairs were completed, allowing the vessel to return to revenue-generating status without disrupting ongoing project schedules.

Seamec Limited Reports Q2FY26 Loss Amid Vessel Breakdown, Secures New Contracts Nov 17, 2025

Seamec Limited's Barge SEAMEC GLORIOUS Begins Operations Amidst Legal Proceedings Nov 14, 2025

Seamec Charts Course for Growth with Fleet Modernization and Subsea Expansion Nov 10, 2025

SEAMEC Limited Reports Q2FY26 Revenue Decline and Net Loss Nov 10, 2025

More news about Seamec

06Nov 25

SEAMEC Resolves Arbitration Dispute with Jumbo Offshore, Agrees to Defend Vessel Arrest

Seamec Limited has reached a settlement with Jumbo Offshore Limited, ending their arbitration dispute. The agreement, signed on November 6, 2025, involves Seamec contesting the arrest of Jumbo's vessel 'Tug Maria' in the Gujarat High Court on Jumbo's behalf. Seamec states this settlement won't materially impact its financial position. The company also announced upcoming investor interactions, including participation in the Anand Rathi Annual Flagship Conference and a Q2 FY 2025-26 earnings call.

03Nov 25

Seamec Limited's MV GOODMAN Commences Operations for ONGC's NLM9 Project

Seamec Limited has deployed its HAL vessel MV GOODMAN for Oil and Natural Gas Corporation's (ONGC) NLM9 project. The deployment began on November 1, 2025, at 23:00 hours. Seamec announced this operational update on November 3, 2025, in compliance with SEBI regulations, informing both BSE Limited and the National Stock Exchange of India Limited.

31Oct 25

Seamec Revises MV Goodman Vessel Delivery Timeline to November 1-7

Seamec Limited has modified the delivery schedule of its MV Goodman vessel through an addendum with HAL Offshore Limited. The new delivery window is set for November 1-7, 2025, slightly later than the previous October 16-31, 2025 timeframe. Despite this change, the charter terms, including the 45-day charter period and total value, remain unaltered. The company cited 'unavoidable circumstances' for the adjustment and has disclosed this related party transaction as per SEBI regulations.

31Oct 25

SEAMEC Limited Shareholders Approve Enhanced Transaction Limits with HAL Offshore

Seamec Limited has received overwhelming shareholder approval to increase transaction limits with its holding company, HAL Offshore Limited. The resolution, passed with 99.14% votes in favor, allows for enhanced monetary caps on charter hire of vessels, diving, and allied activities over the next 5 years. This decision is expected to boost Seamec's operational capabilities and financial flexibility in the offshore services sector.

28Oct 25

Seamec Limited Inks Rs 1000 Crore Investment MoU with Directorate General of Shipping

Seamec Limited has signed a Memorandum of Understanding (MoU) with the Directorate General of Shipping during India Maritime Week 2025. The agreement outlines an investment plan of approximately Rs 1000 crores to be made progressively in the future. The MoU was signed on October 28, 2025, at 09:30 hours, signaling a significant commitment to expand Seamec's operations in the maritime sector. This development has been disclosed to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

22Oct 25

SEAMEC Limited's Vessel 'SEAMEC SWORDFISH' Resumes Operations After Technical Issue

Seamec Limited announced that its vessel 'SEAMEC SWORDFISH' has resumed operations on October 22, 2025, at 07:29 hours, following the resolution of a technical defect. The vessel, which was previously off hire, is now operational and available for commercial use. This swift resolution demonstrates the company's efficiency in addressing operational challenges in the offshore oilfield services sector.

17Oct 25

SEAMEC Limited Reports Mixed Fleet Updates: SEAMEC SWORDFISH Breakdown and SEAMEC III Delivery

Seamec Limited announced a technical breakdown of its vessel 'SEAMEC SWORDFISH' on October 17, 2025. The company is addressing the issue on priority. Simultaneously, Seamec delivered another vessel, 'SEAMEC III', for charter operations expected to commence within two days. The breakdown may impact operations, while the new charter could help offset challenges.

15Oct 25

SEAMEC Limited Secures Rs 28.86 Crore Charter Contract with Larsen & Toubro

Seamec Limited has entered into a Bimco Charter Party agreement with Larsen & Toubro Limited for the charter hire of their barge 'SEAMEC GLORIOUS'. The contract, valued at Rs 28.86 crore (excluding GST), is for a firm period of 150 days with an extension option. The charter is scheduled to commence between October 1-30, 2025. The barge will be deployed for offshore accommodation and hook-up work in Mumbai High & West Coast Offshore, supporting an Oil and Natural Gas Corporation Limited (ONGC) project.

14Oct 25

SEAMEC Limited Secures Rs 6.3 Crore Vessel Charter Agreement with HAL Offshore

Seamec Limited has entered into a vessel charter agreement with HAL Offshore Limited for the MV GOODMAN. The contract, valued at Rs 6.30 crore, is for a firm period of 45 days with an option to extend for another 45 days. The vessel will be deployed for ONGC's Mumbai High Offshore Oil Field project, with operations set to commence between October 16-31, 2025. This agreement is a related party transaction, as HAL Offshore holds a 70.77% stake in Seamec, but is conducted at arm's length. The deal strengthens Seamec's position in the offshore services market and provides a significant revenue stream.

16Sept 25

SEAMEC Limited Expands ONGC Project Scope with USD 3.14 Million Addendum

Seamec Limited has signed an addendum with Posh India Offshore Private Limited, expanding their subcontract agreement for ONGC's Pipeline Replacement Project VIII and Daman Upside Development Project. The additional scope includes installation of riser clamps, bow string installation, and related works. The contract value for these services is approximately USD 3.14 million, exclusive of GST. This expansion reinforces Seamec's position in the offshore services sector and supports India's offshore oil and gas production capabilities.

15Sept 25

SEAMEC Limited's Vessel SEAMEC PRINCESS Begins Second Season of Offshore Projects

Seamec Limited announced that its vessel SEAMEC PRINCESS has started its second season of operations on two offshore projects: Pipeline Replacement Project VIII (PRP-VIII Gr. B) and Daman Upside Development Project (DUDP). The vessel began work on September 13 at 1600 hours. This follows the initial deployment announced on June 18, indicating a phased approach to project execution. The company did not disclose financial implications of this deployment.

12Sept 25

SEAMEC Limited Expands Vessel Charter and Raises Related Party Transaction Limit

Seamec Limited's Board has approved chartering the 'MV Goodman' vessel from parent company HAL Offshore Limited for an ONGC project. The Board also proposed increasing the annual related party transaction limit with HAL Offshore from $30 million to $50 million, subject to shareholder approval via postal ballot. Additionally, Seamec's vessel 'SEAMEC SWORDFISH' has resumed its charter with Safeen Al Behar Limited after a brief downtime.

12Sept 25

SEAMEC Limited's Vessel SEAMEC SWORDFISH Resumes Charter Operations

Seamec Limited announced that its vessel SEAMEC SWORDFISH has resumed charter operations with Safeen Al Behar Limited on September 11, 2025, at 17:35 hours. This follows the rectification of a previously reported defect that had caused the vessel to go off-hire. The company had earlier informed stock exchanges about the vessel's suspension of operations on August 28, 2025. S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary of Seamec Limited, confirmed the development in a communication to the stock exchanges.

10Sept 25

SEAMEC Limited Deploys Vessel SEAMEC II for ONGC Contract

Seamec Limited has deployed its vessel SEAMEC II for a contract with Oil and Natural Gas Corporation (ONGC). The vessel commenced operations on September 9, 2025, at 19:00 hours after completing necessary customs clearances and statutory formalities. This deployment aligns with the company's previous announcement on August 21, 2025, and continues Seamec's ongoing operations with ONGC in the offshore services sector.

02Sept 25

SEAMEC Enters Arbitration with Jumbo Offshore Over Tug Maria Dispute

Seamec Limited is involved in arbitration with Jumbo Offshore Enterprises regarding the vessel 'Tug Maria'. The dispute concerns fuel supply payments and vessel arrest. Seamec claims to have paid the fuel supplier but faces reimbursement demands for a bank guarantee. Separately, CRISIL revised Seamec's credit rating to 'CRISIL A+/Watch Developing' from 'CRISIL A+/Stable' for bank facilities worth Rs. 383.00 crore, citing strong financials but noting modest operations scale and client concentration risks.

28Aug 25

SEAMEC Limited's Vessel 'SEAMEC SWORDFISH' Temporarily Off-Hired Due to Breakdown

Seamec Limited reported that its vessel 'SEAMEC SWORDFISH' was temporarily off-hired on August 28, 2025, due to a breakdown. The company is working to repair the vessel and return it to charter service. In a separate development, HAL Offshore Limited, a promoter of Seamec, acquired 45,000 equity shares, increasing its stake from 70.59% to 70.77%.

28Aug 25

HAL Offshore Boosts Stake in SEAMEC Limited with 45,000 Share Acquisition

HAL Offshore Limited, the promoter of Seamec Limited, has increased its shareholding in the company. On August 26, 2025, HAL Offshore acquired 45,000 additional equity shares through an open market purchase. This transaction increased HAL Offshore's stake from 70.59% (1,79,48,406 shares) to 70.77% (1,79,93,406 shares) of Seamec's total equity share capital. The disclosure was made in compliance with SEBI regulations.

26Aug 25

HAL Offshore Boosts Stake in SEAMEC Limited with Strategic Share Acquisition

HAL Offshore Limited, a key promoter of SEAMEC Limited, has increased its shareholding in the company through two strategic acquisitions in August. On August 25, HAL Offshore acquired 28,000 equity shares, increasing its stake from 70.48% to 70.59%. This followed a previous acquisition on August 22 of 30,712 shares, which had raised the stake from 70.36% to 70.48%. These moves have further solidified HAL Offshore's majority control over SEAMEC Limited. The transactions were reported in compliance with SEBI regulations, and SEAMEC's total equity share capital remains at 25,42,50,000 shares.

25Aug 25

HAL Offshore Boosts Stake in SEAMEC Limited to 70.48%

HAL Offshore Limited, the promoter of SEAMEC Limited, has increased its shareholding in the company. On August 22, 2025, HAL Offshore acquired 30,712 equity shares through open market transactions, raising its stake from 70.36% to 70.48%. The transaction was disclosed in compliance with SEBI regulations. SEAMEC Limited has a total equity share capital of 254,250,000 shares.

21Aug 25

SEAMEC's Vessel 'SEAMEC II' Returns to Mumbai After Statutory Drydocking

Seamec Limited announced the return of its vessel 'SEAMEC II' to Mumbai on August 20 after completing statutory drydocking. The vessel is preparing to resume operations under its contract with Oil and Natural Gas Corporation (ONGC), pending customs clearance and other formalities. This development is expected to contribute to Seamec's operational capacity and revenue generation.

18Aug 25

SEAMEC Limited Ousts CEO Rakesh Ayri Citing Non-Performance

Seamec Limited's Board of Directors has removed Rakesh Ayri from his position as CEO, effective August 19, 2025. The decision was made during a board meeting on August 18, 2025, based on a recommendation from the Nomination and Remuneration Committee. The reason cited for the removal was 'non-performance, as evaluated.' The company has informed stock exchanges of this development in compliance with SEBI regulations.

11Aug 25

SEAMEC Secures 61.13 Crore Charter Contract for Vessel SEAMEC III

Seamec Limited has entered into a charter party agreement with A.D. Engineers & Contractors LLP for its vessel 'SEAMEC III'. The contract, valued at approximately 61.13 crore rupees, involves SAT Diving and Air Diving jobs in ONGC oilfields on India's West Coast. The agreement has a firm period of 70 days with an extension option, set to commence between October 15-25, 2025. This contract reinforces Seamec's position in the offshore services market and is expected to positively impact the company's revenue for the fiscal year 2025-26.

05Aug 25

SEAMEC Faces Potential Financial Penalties as HAL Offshore Terminates 'Sea Pearl' Vessel Agreement

HAL Offshore Limited has terminated its agreement with Seamec Limited for the charter hire of the vessel 'Sea Pearl'. The termination, effective from July 28, 2025, was due to Seamec's failure to deliver the vessel as per the MOU dated December 26, 2023. Seamec cited non-delivery by the vessel's owner as the reason for its inability to fulfill the agreement. This development may lead to financial repercussions for Seamec, including potential liquidated damages. The company has disclosed this information to stock exchanges in compliance with SEBI regulations.

05Aug 25

SEAMEC Faces Potential Damages as HAL Offshore Terminates Vessel Charter Agreement

HAL Offshore Limited has terminated a Memorandum of Understanding (MOU) with Seamec Limited for the charter hire of the vessel 'SEA PEARL', effective July 28, 2025. The termination, announced on August 5, 2025, was due to Seamec's failure to deliver the vessel, which was not delivered to Seamec by its owner. Seamec may face liquidated damages, though the amount is unspecified. This development could have significant financial implications for Seamec and may impact investor sentiment.

08Jul 25

SEAMEC Secures Lucrative Contract Worth ₹392 Million

Seamec Limited has secured a new contract valued at ₹392.00 million (₹39.20 crore). The company has not disclosed further details about the contract's nature, duration, or client. This significant contract could potentially boost SEAMEC's financial performance, reinforce its market position in the offshore services sector, and attract investor interest.

17Jun 25

SEAMEC's Joint Venture Acquires Vessel for $7.88 Million

SEARETE, a joint venture of SEAMEC, has purchased the vessel 'Chennai Valarchi' for $7.88 million. The company plans to deploy the vessel on a 42-month bareboat charter, indicating a strategy for long-term revenue generation. This acquisition expands SEAMEC's fleet capacity, potentially enhancing its operational flexibility and market position in the maritime services sector.

09Jun 25

Seamec Secures $2.16 Million Charter Contract for Vessel Seamec III

Seamec Limited has entered into a charter party agreement with Mubarak Bridge for its vessel Seamec III. The contract is valued at approximately USD 2.16 million (₹17.92 crore). This agreement highlights the ongoing demand for Seamec's offshore services and vessels in the maritime industry. The contract is expected to contribute to the company's revenue stream and operational stability, potentially enhancing its financial outlook in the near term.

06Jun 25

SEAMEC Secures $2.16 Million Charter Agreement for Vessel SEAMEC III

SEAMEC Limited has entered into a Charter Party Agreement with Mubarak Bridge for its vessel SEAMEC III. The contract is valued at USD 2.16 million (approximately ₹17.93 crore). This agreement strengthens SEAMEC's position in the offshore oilfield services sector and adds to its order book. The contract demonstrates continued demand for SEAMEC's services and vessels in the industry.

03Jun 25

SEAMEC Secures Board Approval for $70 Million Vessel Acquisition

SEAMEC Limited's board has approved the acquisition of a vessel named 'SEAMEC ANANT' from HAL Offshore Ltd for $70.00 million (approximately ₹583.00 crore). This strategic move aims to expand SEAMEC's fleet, potentially enhancing its capacity in the offshore services sector. The significant investment underscores the company's commitment to growth and could strengthen its market position in the offshore oil and gas industry.

27May 25

SEAMEC Reports Q4 Financial Results: Mixed Performance with EBITDA Decline and Margin Improvement

SEAMEC's Q4 results show a mixed performance. EBITDA decreased to ₹812.00 million from ₹873.00 million year-over-year, but EBITDA margin improved to 40.65% from 36.93%. Net profit fell to ₹430.00 crore from ₹527.00 crore, with a sequential loss of ₹33.00 crore. Revenue declined to ₹1.99 billion from ₹2.36 billion year-over-year. The improved EBITDA margin suggests enhanced operational efficiency despite overall financial challenges.

22May 25

SEAMEC Subsidiary Forms Joint Venture for Vessel Operations in GIFT City

SEAMEC Limited's subsidiary, SEAMEC International FZE, has formed a joint venture named 'SEARETE INDIA IFSC PVT LTD' with ARETE Shipping DMCC, UAE. The new entity, incorporated in GIFT City, India, will focus on buying, leasing, and selling vessels. SEAMEC International FZE has invested ₹1.81 crore for a 50% stake in the venture, marking a strategic expansion into the maritime sector beyond its core offshore oilfield services.

01Apr 25

SEAMEC Extends Charter Hire of Vessel SEAMEC III for 10 Days, Valued at $420,000

SEAMEC Limited has extended the charter hire of its vessel SEAMEC III for 10 days, valued at $420,000.00. The extension is with M/s. Asian Energy Services Limited and is effective from April 1, 2025, with an option for further extension. This development indicates continued demand for SEAMEC's marine services and potential for additional revenue.

24Mar 25

SEAMEC Secures Major Offshore Projects: Consortium Awarded LOA by L&T and $5.61 Million Subcontract Agreement with POSH India

SEAMEC Limited has won two significant offshore contracts. First, in consortium with POSH India Offshore, it received a Letter of Award from L&T for ONGC's Daman Upside Development and Pipeline Replacement projects. Second, SEAMEC signed a $5.61 million subcontract with POSH India Offshore for installation works on the same ONGC projects. Both contracts are set to complete by May 2026, boosting SEAMEC's order book substantially.

28Feb 25

SEAMEC's Vessel 'Swordfish' Pivots to New Role, Secures $1.1 Million Contract

SEAMEC Limited has redeployed its vessel, SEAMEC Swordfish, as an Anchor Deployment Support Vessel (ADSV) under a new contract worth $1.1 million. The contract runs from February 2-28, 2025, with a daily charter rate of $40,000. This short-term arrangement precedes a previously announced 730-day charter set to begin between March 1-30, 2025.