ABS Marine Services secures Rs 126.12 crore long‑term charter for MV ARTEMIS

What ABS Marine Services announced

On 22 June 2026, ABS Marine Services Limited filed an intimation with the NSE stating that it had issued a press release titled “ABS Marine Secures Rs 126.12 Cr Long‑Term Charter Contract for Offshore Support Vessel MV ARTEMIS”. The core announcement is the award of a long‑term charter agreement for the offshore support vessel MV ARTEMIS, with a contract value of Rs 126.12 crore.

Contract details and vessel profile

The press release does not elaborate on the specific terms of the charter, such as the contract length, payment milestones, or the operating region of MV ARTEMIS. What is clear from the filing is that the vessel is classified as an offshore support vessel, a segment that typically provides services like crew transport, supply runs, and subsea support to oil‑and‑gas operators. The Rs 126.12 crore figure represents the total contract value agreed between ABS Marine Services and the charterer, though the filing does not disclose the identity of the charterer.

"ABS Marine Secures Rs 126.12 Cr Long‑Term Charter Contract for Offshore Support Vessel MV ARTEMIS" – press release title (filed 22 June 2026).

Key facts at a glance

Why this matters for investors

The charter adds a sizeable contract to ABS Marine’s order book, potentially contributing to future revenue streams from offshore support services. While the filing does not disclose the contract’s duration, a “long‑term” charter typically implies multi‑year engagement, which can provide visibility into cash flows and utilisation rates of the vessel. Investors should note that the announcement does not include any immediate financial impact on the balance sheet, nor does it detail any capital expenditure required to fulfil the charter.

Conclusion

ABS Marine Services has publicly disclosed a Rs 126.12 crore long‑term charter for MV ARTEMIS, strengthening its service portfolio in the offshore support market. The filing provides limited detail beyond the contract value and vessel name; further information on contract length, payment terms, and the charterer’s identity may be released in subsequent updates or the full press release itself.