SEAMEC III sails for second phase of pipeline replacement

SEAMEC has announced that its vessel “SEAMEC III” has sailed for the commencement of its second Part Replacement Pipeline Project.  This is a part of the second Part Replacement Pipeline Project, the Pipeline Replacement Project – Group A (PRP-VIII A) and the DSF II Project.On December 18, the company announced that it had given a letter of award to Adsun Offshore Diving Contractors Pvt Ltd for providing diving-related services on board the vessel Seamec III.

Earlier, on December 16, the marine services company announced that the vessel had completed the Charter with A.D. ENGINEERS & CONTRACTORS LLP.
The scope of work includes the part replacement pipeline project, the pipeline replacement project – group A (PRP-VIII A), and the DSF II project of Oil and Natural Gas Corporation Ltd (ONGC).Also Read: Outlook 2026 | How PropTech is going to outrun India’s construction sites

The MM Agrawal Group company operates in two varied verticals of the shipping business: offshore support vessels and services, along with its bulk carrier charter business.The Mumbai-based entity owns six vessels and one barge in the offshore support business.

These aforementioned vessels are deployed in the domestic and international markets.

When we take a look at the company’s recent performance in the equity markets, the company shares closed in red on Wednesday, with a decline of 0.96% or ₹9.90. However, over the past 3 months of trade, the company’s shares have seen a rise of 12.55%. The current price stands at ₹1,021.80 per share.