Contract entered into with HAL Offshore for charter hire of vessel SEAMEC ANANT
Seamec entered into a contract with HAL Offshore Ltd on Oct 21, 2026 to charter hire vessel SEAMEC ANANT for ONGC IMR jobs.
By ScoutQuest · · 1 min read
- Contract Value
- about USD 55 million, excluding GST
- Charter Hire Period
- About 1225 days
- Promoter Holding
- 70.77% held by HAL Offshore
Seamec Limited has entered into a contract dated October 21, 2026 with HAL Offshore Limited for the charter hire of its vessel SEAMEC ANANT. The vessel is to be deployed with Oil and Natural Gas Corporation (ONGC) for IMR (inspection, maintenance and repair) jobs.
Terms of the contract
- The charter hire period is approximately 1225 days, subject to HAL's Charter Hire Agreement with ONGC.
- The total contract value for the said period is about USD 55 million, exclusive of GST.
- The agreement was executed on October 21, 2026 at 16:33 hours.
Who is on the other side
HAL Offshore Limited is the promoter of Seamec Limited and holds 70.77% of its shareholding. The company has stated that the transaction is a related party transaction, is in the normal course of business, and is on an arm's length basis.
How to read this
This is a charter hire arrangement for a named vessel, earning a stated contract value over a stated hire period. Because the counterparty is also the promoter, the disclosure sets out the relationship and confirms the arm's length and ordinary-course character of the deal. The hire is subject to HAL's own charter hire agreement with ONGC, so the deployment runs through that chain.
The numbers to note
- Contract value: about USD 55 million, exclusive of GST.
- Hire period: approximately 1225 days.
- Promoter holding: 70.77% held by HAL Offshore Limited.
Read together, the disclosure tells investors the size of the arrangement (about USD 55 million), how long it runs (approximately 1225 days) and who it is with (the promoter entity, on an arm's length basis).
Also from Seamec
Offshore vessel off hired from 24 October 2026, 06:30 hrs (KSA), due to technical breakdown
24 Oct 2026
Vessel SEAMEC ANANT on hire with effect from October 21, 2026
22 Oct 2026
Vessel “SEAMEC ANANT” taken over from HAL OFFSHORE LIMITED at Kakinada
14 Oct 2026
More numbers
- Total contract value for the charter hire period, exclusive of GSTabout USD 55 million
- Charter hire periodapproximately 1225 days
- HAL Offshore Limited shareholding in Seamec Limited70.77 %
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