SEAMEC vessel Samudra Sevak arrives in Mumbai after emergency dry docking
SEAMEC's vessel Samudra Sevak arrives in Mumbai. Urgent dry docking process has been completed. Return to field operations pending regulatory compliance.
SEAMEC co-chairman expects continuous offshore demand on energy security push
SEAMEC's co-chairman expects continuous offshore demand, citing India's energy security emphasis, OALP bidding rounds, and new hydrocarbon discoveries as the key drivers sustaining activity in the offshore services segment.
SEAMEC Vessel Seamec Agastya Returns to Service After Technical Repairs
SEAMEC has successfully brought its vessel Seamec Agastya back into service following the completion of technical repairs. The company has simultaneously restarted hiring activities for the vessel, indicating restored operational capacity and confidence in the vessel's performance capabilities.
SEAMEC Completes ₹61.13 Crore Charter Contract for Vessel SEAMEC III
SEAMEC Limited has successfully completed its significant charter contract worth ₹61.13 crores with A.D. Engineers & Contractors LLP. The vessel SEAMEC III, which was deployed for ONGC oilfield operations on India's West Coast focusing on Saturation and Air Diving services, completed its 70-day charter period and was off-hired on December 16, 2025. This successful project completion reinforces Seamec's operational capabilities and market position in the offshore services sector.
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.
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.