New Delhi, May 12 (PTI) Adani Ports and Special Economic Zone Ltd is planning to invest Rs 13,000 crore by FY31 to build its marine business as the company expands into specialised subsea and ultra-deepwater operations in Europe through a partnership between its Astro Offshore platform and Oceaneering International Inc.
The company said its marine platform, Astro Offshore has entered into a contract with US-based engineering and applied technology company Oceaneering International Inc to pursue offshore and subsea opportunities in Europe, marking APSEZ’s entry into specialised deepwater engineering and underwater infrastructure services in the region.
As part of the expansion, Astro Offshore will add a 2021-built 97-metre DP2 multipurpose support vessel, Energy Savannah — to be renamed Astro Atlas — to strengthen its subsea construction and offshore execution capabilities.
The vessel, capable of operating in water depths of more than 3,000 metres, is equipped with a 150-tonne subsea crane, secondary crane, moonpool, and accommodation for up to 100 personnel, enabling offshore construction, cable laying and pipeline installation work.
APSEZ said the partnership combines Astro Offshore’s expanding fleet with Oceaneering’s remotely operated vehicle (ROV) and deepwater engineering expertise as the company seeks to build one of the world’s largest integrated marine platforms.
The company is targeting a 200-vessel fleet and marine revenue of Rs 6,000 crore by FY31 as it expands beyond ports into offshore logistics, subsea engineering and deepwater infrastructure services.
“As part of its long-term roadmap, the company is targeting a 200-vessel fleet, along with marine revenue of Rs 6,000 crore and planned capex of Rs 13,000 crore by FY31,” APSEZ said in a statement.
The development aligns with APSEZ’s strategy to build one of the world’s largest integrated marine platforms spanning logistics, offshore support, underwater engineering, and deepwater infrastructure services.
“This development supports APSEZ’s ambition to build a globally diversified marine platform,” Chief Executive Officer Ashwani Gupta said.
APSEZ said it has through its “marine platform Astro Offshore, has contracted with Oceaneering International Inc, a US-based engineering and applied technology company, to pursue specialised offshore and subsea opportunities in Europe”.
“The agreement marks a significant step in APSEZ’s expansion into ultra-deepwater operations and international markets, further supporting its strategy to build one of the world’s largest integrated marine platforms,” it said.
“For Astro Offshore, the introduction of Astro Atlas, the company’s first ultra-deepwater vessel, reflects its continued investment in strategically acquiring younger, high-spec vessels with advanced capabilities. This strengthens Astro’s ambition to operate one of the industry’s youngest and smartest fleets, while enabling entry into new offshore markets and supporting the broader growth ambitions of the APSEZ marine platform.” By combining Astro Offshore’s expanding high-specification fleet with Oceaneering’s deepwater engineering and ROV expertise, capabilities in complex offshore operations are being enhanced while expanding into Europe, said Gupta.
Mark Humphreys, CEO, Astro Offshore, said, “The introduction of Astro Atlas significantly enhances our operational capability and underscores our continued investment in a modern, high-spec fleet, particularly in ultra-deepwater environments. As our largest and most capable vessel to date, she enables us to support a broader range of complex offshore operations and respond more effectively to evolving client requirements.” Subsea activities involve specialised underwater engineering critical to offshore energy and marine infrastructure projects, including cable laying, pipeline installation, underwater construction, inspection, maintenance, and intervention in deepwater environments.
These projects require advanced vessels, remotely operated vehicle (ROV) systems, and high-end operational capabilities.
Astro Offshore has strengthened its deepwater fleet with the addition of Energy Savanah (to be renamed Astro Atlas), a modern 2021-built 97-metre DP2 multipurpose support vessel.
Equipped with a 150-tonne subsea AHC crane, a 25-tonne secondary crane, a moonpool, and accommodation for up to 100 personnel, the vessel is designed to support a wide range of offshore operations, including subsea construction, cable laying, and pipeline installation.
“With the capability to operate in water depths of over 3,000 metres, Astro Atlas will enable Astro Offshore to enter the ultra-deepwater segment, unlocking access to more complex, high-value offshore projects. Its advanced DP2 system and robust design support safe and efficient operations in challenging environments,” the statement added. PTI ANZ TRB TRB
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