Adani Ports and Special Economic Zone (APSEZ) has announced that its marine platform, Astro Offshore, has signed a contract with Oceaneering International Inc. to boost deepwater capabilities in Europe. The deal involves the deployment of the Astro Atlas, an ultra-deepwater vessel. This strategic expansion is part of APSEZ’s broader vision to reach a 200-vessel fleet, targeting ₹6,000 crore in marine revenue and ₹13,000 crore in capital expenditure by FY31.
Strategic Collaboration for Deepwater Growth
In a move to strengthen its international presence, APSEZ has entered into a contract with US-based engineering firm Oceaneering International Inc. through its subsidiary, Astro Offshore. This collaboration will focus on delivering specialized offshore and subsea services in Europe. By integrating Astro Offshore’s high-specification fleet with Oceaneering’s ROV and engineering expertise, the company aims to enhance its participation in complex offshore projects, including cable laying and pipeline installation.
Fleet Expansion with Astro Atlas
A key highlight of this expansion is the induction of the Astro Atlas (formerly Energy Savanah), a modern 97-metre DP2 multipurpose support vessel built in 2021. The vessel is designed for ultra-deepwater environments, capable of operating in depths exceeding 3,000 metres. Equipped with a 150-tonne subsea AHC crane and a 25-tonne secondary crane, the vessel accommodates up to 100 personnel, significantly bolstering the group’s capacity for high-value underwater construction projects.
Long-Term Vision and Infrastructure Goals
The entry into European subsea operations marks a pivotal milestone in APSEZ’s ambition to become one of the world’s leading integrated marine platforms. Currently, APSEZ operates a fleet of 136 vessels and maintains a comprehensive port ecosystem. As part of its long-term roadmap, the company has set aggressive targets to scale its fleet to 200 vessels. This growth is supported by a planned capital investment of ₹13,000 crore, aimed at capturing higher market share in the global energy and marine infrastructure sectors by FY31.
Source: BSE
