Thus far in calendar year 2026, GESCO (up 59 per cent), and Shipping Corporation of India and Seamech (up 51 per cent each) have outperformed the market as against 11.2 per cent decline in BSE Sensex
The contract has been awarded to a consortium of Seamec and Supreme Hydro Private Ltd. for the hiring of operation and maintenance services for the vessel for the 2026-2028 period
Seamec share price rose as much as 4.4 per cent to ₹1,446.70 per share, the highest level since September 13, 2024, on the National Stock Exchange (NSE)
At 12:15 PM, Seamec share price was trading 2.98 per cent higher at ₹1,043.70 per share. By comparison, BSE Sensex was trading 0.44 per cent higher at 84,762.60 levels.
The Baltic Dry Index now quotes at a 8-month high. Technical charts hint at a potential 36 per cent upside for select shipping stocks like SCI, Dredging and Seamec. Details here
Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis