SEAMEC Limited has entered into a BIMCO Charter Party agreement with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of its vessel “SEAMEC SWORDFISH.” The contract, valued at USD 57.40 million, is set for a firm period of 730 days with an option for extension on mutually agreed terms.
The charter hire will commence within the window of March 1, 2025, to March 30, 2025, and will involve operations in Saudi Arabia and the UAE. This agreement marks a significant milestone for SEAMEC, strengthening its presence in the Middle Eastern offshore industry.
Key highlights of the agreement:
- Parties Involved: SEAMEC Limited & Safeen Al Behar Limited Company
- Duration: 730 days (with an extension option)
- Total Value: USD 57.40 million
- Operational Regions: Saudi Arabia & UAE
- Nature of Contract: International & within the normal course of business
The agreement does not involve related party transactions, and there are no special rights or shareholding interests between the involved entities.
This charter hire deal reinforces SEAMEC’s commitment to expanding its global maritime operations while delivering high-quality offshore services.
