SEAMEC Ltd announces charter hire of SEAMEC PALADANI with ONGC

SEAMEC Ltd had earlier announced that it would enter into Charter Hire of Company's Vessel "SEAMEC PALADIN" for ONGC contract for a period of 5 years with effect from date of mobilization.

The Company has entered into Charter Party with HAL Offshore on February 28, 2023 for charter hire of the said Vessel for ONGC contract for a period of 5 years at a charter rate of USD 35,000 per day, for marine activities. The Vessel has completed the modification and arrived in India and is getting ready for mobilization for ONGC contract.

The total contract value for 5 years will be approximately USD 64 million, exclusive of GST.

Shares of Seamec Limited was last trading in BSE at Rs. 579.80 as compared to the previous close of Rs. 571.05. The total number of shares traded during the day was 324 in over 71 trades.

The stock hit an intraday high of Rs. 586.25 and intraday low of 565.95. The net turnover during the day was Rs. 187633.00.

Source : Equity Bulls

Keywords

Seamec INE497B01018 Shipping CharterHire HALOffshore ONGC