Adani Ports Partners with Oceaneering to Enhance Offshore Operations in Europe
Adani Ports Partners With Oceaneering To Expand Offshore Operations In Europe
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Adani Ports and Special Economic Zone Limited (APSEZ) has partnered with Oceaneering International Inc. to expand its offshore operations in Europe. This collaboration aims to enhance APSEZ's capabilities in ultra-deepwater operations and support its strategy to develop a comprehensive marine platform.
- 01APSEZ partners with Oceaneering to expand offshore operations in Europe.
- 02The partnership focuses on ultra-deepwater operations and underwater engineering.
- 03APSEZ has added its first ultra-deepwater vessel, Astro Atlas, to its fleet.
- 04The company aims to develop a fleet of 200 vessels by FY31.
- 05Marine revenue target is set at ₹6,000 crore (approximately $720 million USD) by FY31.
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Adani Ports and Special Economic Zone Limited (APSEZ) has entered a strategic partnership with Oceaneering International Inc. to enhance its offshore operations in Europe. This collaboration is a significant step towards expanding into ultra-deepwater operations and international markets. APSEZ has introduced its first ultra-deepwater vessel, Astro Atlas, which is a 97-meter DP2 multipurpose support vessel capable of operating in water depths exceeding 3,000 meters. The vessel is equipped with advanced features, including a 150-tonne subsea active heave compensated crane, enhancing the company's operational capabilities in complex offshore environments. APSEZ aims to build a fleet of 200 vessels by FY31, targeting marine revenues of ₹6,000 crore (approximately $720 million USD) and a planned capital expenditure of ₹13,000 crore (approximately $1.56 billion USD) as part of its marine business expansion strategy. This partnership is expected to strengthen APSEZ's position in the global marine sector.
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The expansion into ultra-deepwater operations is expected to create job opportunities and enhance the local economy through increased marine activities and infrastructure development.
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