Seamec Ltd informed that the company has entered into a charter party with Dolphin Offshore Shipping Ltd for charter hire of its vessel Seamec Princess for working in Mumbai High Offshore, Heera Field, Neelam Field and Bassein Field for a firm period of 30 days with the option of extension thereafter by mutual agreement.

Seamec Ltd enters into a charter party with Dolphin Offshore Shipping
Caption: Offshore Support Vessel Seamec Princess - Image courtesy of Praise Jose

The charter commenced with effect from November 7, 2017.

The total value of the contract including mob/demob during the firm period is Rs 5.72 Cr.

Seamec Ltd is currently trading at Rs 160, up by Rs 3 or 1.91% from its previous closing of Rs 157 on the BSE. The scrip opened at Rs 160 and has touched a high and low of Rs 160 and Rs 160 respectively.

The current market cap of the company is Rs 399.17 crore.

Source: IIFL