Seamec Ltd has announced that its Vessel SEAMEC PALADIN has been onhired with effect from 13th April, 2023 for ONGC contract for a long term period of 5 years.
The Board of Directors of Seamec Ltd, in its meeting held today i.e. March 18, 2023, approved the proposal for setting up of a wholly owned subsidiary and step-down subsidiaries of the Company in UK for establishing a global operations office.
A meeting of the Board of Directors of Seamec Ltd will consider and evaluate a draft composite scheme of arrangement in connection with a proposal of demerger / amalgamation between the Company and HAL Offshore Ltd.
Seamec Ltd has entered into a Contract with M/ s. HAL OFFSHORE LIMITED for Charter Hire of its Vessel SEAMEC III for working in Western Offshore India for ONGC work.
SEAMEC Ltd 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.