ABS Marine wins ₹27 crore offshore vessel charter from L&T

ABS Marine Services Limited has secured a ₹27 crore contract from Larsen & Toubro Limited (L&T) for the charter of a DP-2 Platform Supply Vessel (PSV) to support offshore operations.

Under the Charter Party Agreement, the vessel will be deployed for 120 days on a firm basis, with an optional 56-day extension. The contract covers the chartering, operation, and management of the offshore supply vessel to assist L&T’s offshore energy and infrastructure projects.

The latest engagement further consolidates ABS Marine’s growing foothold in India’s offshore logistics and marine services segment. Over the past year, the company has bagged several major assignments, including long-term vessel charters with ONGC and Schlumberger Asia Services, as well as multi-year port service agreements with the Chennai Port Authority and Visakhapatnam Port Authority.

According to ABS Marine, these consecutive contract wins underscore its technical strength, operational reliability, and proven expertise in managing complex maritime assets. Together, they highlight the company’s strategic expansion across India’s offshore energy, marine logistics, and port infrastructure ecosystem, reinforcing its position as a trusted partner for high-value offshore projects.