The Seamec's vessel, the SEAMEC Swordfish, is temporarily out of service due to technical problems. The company has prioritized repairs to get it back up and running as soon as possible.
Seamec Limited
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Seamec Ltd's vessel, SEAMEC DIAMOND, has temporarily stopped operations due to technical issues as of May 21, 2026. The company expects the vessel to resume work once the problems are resolved and has informed the stock exchanges accordingly.
GE Shipping and Seamech experienced significant gains, increasing by up to 14%, thanks to impressive Q4 earnings reports. The surge is attributed to increased profitability for both companies, with GESCO reporting a staggering 187.5% year-over-year increase due to higher fleet deployment and utilization, while Seamech saw a 153% jump in profits under similar circumstances.
SEamec Ltd reaches a record high of Rs 1,650 on May 19, 2026, indicating robust expansion and a solid footing in the transport service sector.
Seamec's fourth-quarter profits skyrocketed by 133%, reaching a record high of 1 billion rupees, and overall revenue increased by 64% compared to last year, standing at 3.27 billion rupees.
Seamec Limited reported an annual profit of INR 24.23 crores for the fiscal year 2025-26, and they've proposed a dividend of INR 2 per share. Additionally, the board has authorized certain related party transactions and reappointed the auditor.
Seamec reports a significant increase in Q4 FY26 standalone revenue, rising by 53% compared to the previous year, reaching INR 316.6 crore. The company also achieved a consolidated revenue of INR 1000 crore for FY26, and profit after tax (PAT) surged 110% YoY to INR 242.4 crore.
The charter of the Seamec Princess vessel has been delayed due to inclement weather, which may affect its contract with Lamprell Energy for ONGC projects.
Seamec Limited has terminated the operation of Samudra Prabha as of May 12, 2026, due to operational issues. The company disclosed this information to stock exchanges on May 13, following an initial notice on May 8.
Seamec has secured a $2.1 million, 15-day charter deal with Lamprell for the vessel SEAMEC PRINCESS to support ONGC's offshore operations. An option for contract extension is available.
Seamec has secured a $2.12 million charter agreement with Lamprell Energy for the Seamec Princess vessel, which will support ONGC's offshore operations in the West Coast oilfields. The initial 15-day term includes an extension option.
Seamec and partner Supreme Hydro have secured a deal with ONGC to manage the MSV Samudra Sevak from 2026 to 2028. This agreement marks their responsibility for operations until 2028.
Seamec has renewed its contract with L&T, securing the use of the 'Seamec Glorious' vessel until May 2026 at a cost of INR 6.54 crores.
Seamec Ltd has secured a contract extension for their vessel, SEAMEC GLORIOUS, with Larsen & Toubro (L&T), worth approximately INR 6.54 crore, extending the service till May 2026.
Seamec's SWORDFISH has resumed operations as of April 24 following necessary repairs. The vessel is now back in service, signaling a successful recovery and readiness for work.
Seamec's Swordfish vessel has temporarily ceased operations due to encountered technical problems, currently awaiting resolution for a smooth return to service.
Seamec Ltd has announced the successful completion of its project by the vessel, SEAMEC PRINCESS, on April 21, 2026. As per Addendum 2, this completion conforms to the project's specifications. The company has complied with SEBI regulations by filing a disclosure report at 18:00 hrs on the same day.
The offshore support vessel, Seamec Agastya, operated by Seamec Ltd, has returned to service following the resolution of technical problems, as reported on April 21, 2026.
SEAMEC has secured deals worth 740 Crore INR, indicating a robust order book for the company. Despite the West Asian crisis, their zero-debt status places them in a favorable position amidst the energy boom.
Seamec Ltd's vessel, the SEAMEC AGASTYA, has been temporarily taken off-hire as of April 9, 2026 due to a technical problem. The company assures stakeholders that they will provide updates once the issue is resolved, maintaining transparency about the vessel's deployment status.
Seamec Ltd has extended the lease of SEAMEC PRINCESS with Posh India Offshore until April 2026, for ONGC projects. The daily charter hire rate stands at $37,000, excluding GST.
Seamec Ltd has received a rating of INR 533 crore for their bank facilities from CRISIL. The rating includes a short-term 'Crisil A1' and long-term 'Crisil A', both under review, indicating a developing outlook for the company.