Addendum with Asian Energy Services Limited for extension of Charter Hire of SEAMEC III
As filed · Seamec Limited has informed the Exchange about Addendum with Asian Energy Services Limited for extension of Charter Hire of SEAMEC III
What happened
FactSeamec Limited has informed the Exchange about Addendum with Asian Energy Services Limited for extension of Charter Hire of SEAMEC III. Phirojee Jeejeebhoy Towers,. Pursuant to the addendum, the Charter Hire rate is now revised to USD 42,000/ day plus GST.
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
Withdrawnwe continue to look for suitable opportunities, and we definitely intend to grow the fleet in coming 2 years.
the acquisition of the vessel and the completion of formalities should get completed by end of this quarter.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
- The idea is that how we should grow between 15% to 20% CAGR in next 3 to 5 years. (management committed by FY27)
- This year, we believe that from INR28 crores last year, we should be hardly INR5 crores, INR7 crores. (management committed by FY26)
Evidence
- Seamec Limited has informed the Exchange about Addendum with Asian Energy Services Limited for extension of Charter Hire of SEAMEC III(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%