ABS Marine Limited has delivered a robust performance in the first half of FY26, supported by strategic contract wins, expansion of its offshore fleet, and strengthening of its marine services portfolio. The company said its results reflect solid momentum across offshore logistics, specialized marine operations, and port services, reinforcing its position as a trusted partner for global energy companies and major Indian infrastructure players.
Commenting on the financial and operational performance, Captain P. B. Narayanan, Managing Director of ABS Marine Limited, said:
“The first half of FY26 has been a remarkable period of progress for ABS Marine, marked by strategic wins, fleet expansion, and continued operational excellence. Our performance reflects the growing strength of our business model and our focus on building a modern, resilient, and customer-driven maritime enterprise.
We enhanced our offshore capabilities with the addition of our DP2 Offshore Well Stimulation Vessel, AM Passion, which has already been deployed under a long-term charter with a leading global energy company. We also expanded our port services portfolio through a new engagement with the Deendayal Port Authority for firefighting and safety operations and secured a charter contract from Larsen & Toubro for a DP2 Platform Supply Vessel. With a healthy order book, efficient fleet utilization, and a clear focus on technology, sustainability, and disciplined execution, we are confident of sustaining our growth momentum and delivering long-term value.”
Key Operational Highlights
Delivery of Offshore Vessel ‘AM Passion,’ deployed under a long-term charter with Schlumberger Asia Services Limited, Hong Kong.
- Vessel Name: AM Passion
- Type: Dynamic Positioning (DP2) Offshore Well Stimulation Vessel
- Built: 2022
- Gross Tonnage: ~4,424 tons
- Contract Tenure: 3 years firm + 3 years optional extension (from 24 June 2025)
- Contract Value: USD 20.67 million (≈ ₹178 crore for the initial 3-year period)
Port Services Contract from Deendayal Port Authority
- Scope: Provision of qualified fire service personnel for the Port’s Fire Brigade
- Tenure: 3 years
- Contract Value: ₹3.79 crore (including GST)
- Type: Port Services Agreement
Charter Contract Awarded by Larsen & Toubro (L&T)
- Client: Larsen & Toubro Limited
- Vessel Type: DP2 Platform Supply Vessel
- Tenure: 120 days firm + 56 days optional extension (starting October 2025)
- Contract Value: ₹26.70 crore (including GST and extensions)
With rising offshore exploration activity, deepwater investments, and national initiatives such as Sagarmala and Maritime Vision 2030, ABS Marine expects sustained demand in offshore logistics, marine infrastructure services, and specialized vessel operations. The company’s latest wins underscore its strong execution track record and ability to cater to blue-chip PSUs, global energy giants, and leading private sector clients.