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PNN
Mumbai (Maharashtra) [India], March 31: ABS Marine Services Limited (NSE: ABSMARINE), one of the leading maritime companies offering comprehensive services in Ship Management, Vessel Ownership, Marine and Port Services, has entered into a contract to acquire an Offshore Support/Supply Vessel (MPSV) from the international market. The vessel is expected to be delivered during the first quarter of FY27 (April 2026 - June 2026) and will form part of the Company's growing owned fleet. Acquisition Highlights - Vessel Type: Offshore Support/Supply Vessel (MPSV) - Expected Delivery: Q1 FY27 (April - June 2026) - Source: International Market - Strategic Purpose: Strengthening owned fleet and offshore capabilities Strategic Impact The contract for the Offshore Support/Supply Vessel (MPSV) represents a continued step in the company's strategy to expand its owned fleet and enhance its offshore service capabilities. The addition is expected to improve operational efficiency by reducing dependence on third-party vessels, while supporting better margin realization through asset-backed operations. Furthermore, the expanded fleet will enable the Company to participate in higher-value offshore assignments and provide greater control over service delivery. In the backdrop of a growing strategic emphasis on energy security and self-reliance in India, amid rising global supply uncertainties and geopolitical disruptions, driving a renewed push towards domestic exploration and diversified sourcing of hydrocarbons. In line with this broader shift, the government has opened up a significant portion of offshore areas for exploration and is encouraging increased upstream activity to reduce import dependence. This is expected to drive sustained demand for offshore exploration and support services, creating long-term opportunities for the Company. This development is aligned with the Company's long-term vision of strengthening its presence in offshore and marine infrastructure segments, thereby supporting sustainable growth and improved revenue visibility. Commenting on the Financial Performance Captain P.B. Narayanan, Managing Director of ABS Marine Limited said, "Entering into this contract marks another important milestone in our journey towards strengthening our owned fleet and offshore capabilities. This addition will enhance our ability to meet evolving client requirements and position us to capitalize on emerging opportunities in the offshore segment. We remain focused on building a strong asset base that supports long-term growth and operational excellence." (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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