Seamec Ltd Secures US$5.21 Million Bimco Charter Party with Lamprell Energy for Vessel Hire
Seamec Ltd has entered into a Bimco Charter Party agreement with M/s. Lamprell Energy Limited, securing the charter hire of its barge 'SEAMEC GLORIOUS'. The contract outlines specialized work in offshore accommodation and hook-up support for Oil and Natural Gas Corporation Limited (ONGC) projects.The deal involves utilizing the vessel's capabilities for operations within Mumbai High and West Coast Offshore, including the Daman Oilfield. Seamec will provide the barge to Lamprell Energy Limited for this dedicated scope of work.
The firm period of the Charter is set at 180 days, with an option provided for extension. The agreement stipulates that the charter must commence within a specific window between October 15, 2026, and October 31, 2026.
The total value of the contract stands at USD 5.21 million, which is inclusive of GST.
Key terms and parties related to the agreement are summarized below:
| Aspect | Details |
|---|---|
| Chartering Party | M/s. Lamprell Energy Limited |
| Vessel | SEAMEC GLORIOUS (Barge) |
| Contract Value | USD 5.21 million (inclusive of GST) |
| Charter Duration | 180 days, with option for extension |
| Scope of Work | Offshore accommodation and hook-up work support for ONGC in Mumbai High & West Coast Offshore/Daman Oilfield |
| Commencement Period | October 15, 2026, to October 31, 2026 |
The agreement is noted as not being a Related Party Transaction.
SEAMECLTD Stock Price Movement
On Tuesday, shares of Seamec Limited tumbled 1.40% to settle at ₹1421, sinking by ₹20.20 in the market close. The stock traded through a narrow range, touching a low of ₹1418 amid 16,741 shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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