Seamec Limited (SEAMECLTD.BO)
Seamec Limited operates in the Marine Shipping industry of the Industrials sector, headquartered in Mumbai, MA, IN. The stock last traded at $1542.00, up 0.33% on the session, giving a market capitalisation of $39.06B. Its beta of 0.18 implies it has historically moved less than the broad market.
Seamec Limited specializes in delivering a broad spectrum of offshore oilfield and diving support vessel services, catering to clients both within India and internationally. Its comprehensive service offerings include support for remotely operated vehicle (ROV) operations; the thorough inspection, upkeep, removal, and reinstallation of single buoy moorings; pipeline pigging and pig retrieval; pipeline deburial and non-destructive testing; the detection and sealing of gas leaks; the replacement of caisson pipes and riser sections; the installation and removal of risers; corrections for crossings and free spans; and the fitting of riser clamps and anodes. The company also undertakes repairs on flare booms, provides inspection and maintenance services for pipeline end manifolds (PLEMs) and pipelines, offers blowout control, and installs flexible pipelines. Beyond its marine services, Seamec is involved in ship chartering, management, and operation, in addition to running shipping lines for freight and passenger transport. The company also participates in engineering, procurement, and construction (EPC) projects for various types of tunnels, including those for roads, railways, metros, soft ground conditions, and water conveyance. Established in 1986 as South East Asia Marine Engineering & Construction Limited, the company was rebranded as Seamec Limited in June 2007. Its headquarters are situated in Mumbai, India, and it functions as a subsidiary of HAL Offshore Limited.
Seamec Limited is most often compared with the following Industrials names: