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PNN
Mumbai (Maharashtra) [India], March 21: 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 successfully taken delivery of a 2009-built Offshore Support Vessel (OSV) "HADES" from the international market. The acquisition marks a strategic addition to the Company's owned fleet and aligns with its ongoing efforts to strengthen its offshore service capabilities. The vessel, with a gross tonnage of approximately 1,737 tons, was contracted for purchase during Q4 FY26 and is now officially inducted into operations. Acquisition Highlights - Vessel Name: HADES - Type: Offshore Support Vessel (OSV) - Year Built: 2009 - Gross Tonnage: ~1,737 Tons - Source: International Market - Strategic Purpose: Fleet expansion and offshore service enhancement Strategic Impact The acquisition of Offshore Support Vessel "HADES" marks a strategic addition to ABS Marine's owned fleet and strengthens its offshore service capabilities. This expansion is expected to enhance the Company's operational efficiency by reducing reliance on third-party vessels and improving margin profile, while enabling participation in higher-value offshore assignments. The addition also provides greater control over service delivery and supports long-term revenue visibility through asset-backed operations. Overall, it positions the Company to capitalize on the growing demand in offshore and marine infrastructure segments, further reinforcing its competitive standing in the maritime sector. Comment on Financial Performance Captain P.B. Narayanan, Managing Director of ABS Marine Limited said, "The acquisition of Offshore Support Vessel 'HADES' marks another important step in our journey of expanding our owned fleet and strengthening our offshore capabilities. This addition enhances our ability to cater to evolving client requirements across offshore and marine services. We remain committed to building a robust asset base that supports sustainable growth and reinforces our position in the maritime sector. (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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