ABS Marine Services Secures Major ₹126 Crore Maritime Charter Deal.

ABS Marine Services, a maritime services company, has signed a Charter Party Agreement with Hardy Exploration & Production (India) Inc., acting on behalf of itself and its joint venture partners Oil and Natural Gas Corporation and Invenire Petrodyne, for the deployment of its Anchor Handling Tug Supply (AHTS) vessel MV Artemis.

Under the agreement, the vessel will be deployed to support petroleum exploration and production activities along India’s east coast.

The contract carries a firm charter tenure of five years from the date of mobilisation, with an option for extension of up to 1,825 days at the charterer’s discretion, the company said.