Seamec Limited enters into vessel deployment contract with L&T Hydrocarbon Engineering

DSIJ Intelligence / 21 Jun 2017

Seamec Limited enters into vessel deployment contract with L&T Hydrocarbon Engineering

The company is engaged in offshore and shipping business. Its support services include marine, construction and diving services to offshore oilfields in India and abroad.

On Tuesday, Seamec Limited announced that the company has entered into a contract to charter Vessel Seamec III with L&T Hydrocarbon Engineering for undertaking a job at Mumbai High.

SEAMEC Limited provides diving support vessel (DSV)-based diving services. The company is engaged in offshore and shipping business. Its support services include marine, construction and diving services to offshore oilfields in India and abroad.
 
The contract will commence from around June 22, 2017 and is for a period of seven days with an option for extension. The value of charter during from period is Rs 1.01 crore.
 
Meanwhile, at Rs 137.20 per share at 1438 hours on BSE, Seamec was trading higher by 0.2%. It hit a high of Rs 144 and a low of Rs 136.10 so far during the day.

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