APSEZ's Astro Offshore Secures Contract with Oceaneering for European Subsea Expansion

APSEZ's Astro Offshore Secures Contract with Oceaneering for European Subsea Expansion​

Adani Ports and Special Economic Zone Ltd. (APSEZ), India's largest integrated transport utility, has significantly bolstered its deepwater engineering and offshore capabilities. Through its marine platform, Astro Offshore, APSEZ has contracted with Oceaneering International Inc., a US-based engineering and applied technology company. This agreement facilitates the pursuit of specialized offshore and subsea opportunities in Europe.

The contract marks a major stride for APSEZ, signaling its entry into international, ultra-deepwater operations and supporting its broader strategy to establish one of the world's largest integrated marine platforms.

Fleet Enhancement and Deepwater Capability​

To strengthen its operational capacity, Astro Offshore is expanding its fleet with the acquisition of Energy Savanah, which will be renamed Astro Atlas. The vessel is a modern, 2021-built, 97-metre DP2 multipurpose support vessel designed for critical underwater construction activities.

Astro Atlas is recognized as the company's first ultra-deepwater vessel. The vessel is equipped with a 150-tonne subsea AHC crane, a 25-tonne secondary crane, a moonpool, and accommodation for up to 100 personnel. Its advanced DP2 system and robust design enable operations in water depths exceeding 3,000 metres, allowing Astro Offshore to enter the highly complex ultra-deepwater segment of the market.

Subsea activities are crucial to offshore energy and marine infrastructure, encompassing specialized underwater engineering for tasks like cable laying, pipeline installation, underwater construction, inspection, maintenance, and intervention in deepwater environments.

Strategic Growth Roadmap​

APSEZ's strategic focus is on building a globally diversified marine platform that integrates logistics, offshore support, underwater engineering, and deepwater infrastructure services.

The company aims to maintain its commitment to operating one of the industry's youngest and smartest fleets. By combining Astro Offshore's expanding high-specification fleet with Oceaneering's deepwater engineering and Remotely Operated Vehicle (ROV) expertise, APSEZ is enhancing its capabilities in complex offshore operations across Europe.

For its long-term roadmap, APSEZ has set ambitious targets, aiming for a significant expansion of its marine operations:


APSEZ, a part of the Adani Group, remains India's preeminent integrated logistics solutions provider. The company operates a comprehensive ecosystem encompassing 15 strategically located ports and terminals across India's west, south, and east coasts, alongside a diversified marine fleet. The organization has a current cargo handling capacity of 653 million tonnes per annum and commands approximately 27% of India's total port volumes, with a target of 1 billion tonnes throughput by 2030.

ADANIPORTS Stock Price Movement​

Adani Ports and Special Economic Zone Limited shares shed 4.32% today, concluding the session at ₹1688.2. The equity traded on a volume of 3.44 million shares, charting a day's range between ₹1683.2 and ₹1765.9.