India's Adani Ports Partners with Chinese and American Firms to Enter European Subsea Market, Plans to Spend 130 Billion Rupees on Fleet Expansion

en.Wedoany.com Reported - India's Adani Ports and Special Economic Zone, through its offshore service platform Astro Offshore, has signed a contract with U.S.-based Oceaneering International and added a 97-meter DP2 multipurpose support vessel, officially entering the specialized European subsea market. The vessel, formerly named "Energy Savanah," will be renamed "Astro Atlas."

The vessel is designed for underwater construction operations, equipped with a 150-ton subsea active heave-compensated crane, a 25-ton auxiliary crane, a moon pool, and accommodation facilities for 100 personnel. APSEZ stated that the vessel is capable of performing subsea construction, cable laying, and pipeline installation at water depths exceeding 3,000 meters.

This move is part of APSEZ's plan to expand its fleet size. The company aims to build a fleet of 200 vessels with specialized offshore operational capabilities by fiscal year 2031, targeting offshore business revenue of 60 billion rupees (approximately USD 627 million), with a capital expenditure budget of 130 billion rupees (approximately USD 1.36 billion).

Adani Ports and Special Economic Zone is an Indian port, logistics, and marine infrastructure enterprise, operating port assets, logistics facilities, marine services, and port-linked special economic zones. Astro Offshore is its service platform focused on offshore support and specialized vessel operations. Oceaneering International is a U.S.-registered company providing engineering services, products, and robotic systems for the offshore energy, defense, aerospace, and industrial markets.

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