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Seamec’s arm’s JV acquires vessel ‘Chennai Valarchi’ from India Cements

17 Jun 2025 Evaluate

Seamec’s wholly owned subsidiary (WOS) -- Seamec International FZE’s joint venture company -- Searete India IFSC has acquired the vessel ‘Chennai Valarchi’ from The India Cements (the Seller) on June 16, 2025 at a cost of $7,875,000.

Upon completion of acquisition, the vessel was put on bareboat charter with M/s Foresee Shipping IFSC, GIFT City, Gujarat, India for a period of 42 months at a charter hire rate of $7,156/ day. The total charter hire for the period of 42 months is about $9.15 million.

SEAMEC is the region’s leading provider of Diving Support Vessel (DSV) based diving services.

Seamec Share Price

1365.20 14.00 (1.04%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 312.05
GE Shipping 1437.85
Dredging Corp 1135.90
Seamec 1365.20
Shreeji Ship.Global 501.05
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