On June 17, 2025, Sadhav Shipping Ltd., a leading Indian maritime logistics company, officially announced the signing of a strategic short-term contract valued at USD 562,500 with Almina Marine Limited, a reputed offshore service provider. This contract involves the deployment of the Anchor Handling Tug Supply (AHTS) vessel ‘Aditri’ for offshore operations in Nigeria under the end client Esso Exploration and Production Nigeria Ltd. (ExxonMobil Nigeria).

This deal was communicated through a regulatory filing with the National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reinforcing the company’s commitment to transparency and shareholder communication.

Contract Details and Strategic Implications

As per the disclosure, the agreement was signed on June 16, 2025, and spans a period of 45 days. The nature of the contract involves offshore support services provided through the AHTS vessel Aditri, which is equipped to handle complex anchor handling, towing, and supply operations in offshore oil and gas installations.

This engagement directly supports offshore operations for Esso Exploration and Production Nigeria Ltd., a subsidiary of ExxonMobil, thereby connecting Sadhav Shipping with a high-value international oil & gas client.

The contract is expected to generate USD 562,500 in revenues over the period, translating into an approximate INR 4.7 crore, depending on exchange rate fluctuations. While short-term in duration, this contract is significant due to the following reasons:

• It marks Sadhav Shipping’s increasing penetration into international maritime services, particularly in the offshore oil exploration and logistics segment.

• It enhances the utilization of their vessel fleet, improving operational metrics.

• It positions the company as a credible offshore logistics player capable of meeting global standards of execution.

Sadhav’s Growing Offshore Credentials

This contract follows a consistent pattern of Sadhav Shipping’s efforts to diversify and globalize its business, particularly in offshore support services, where demand remains stable due to ongoing oil and gas exploration activities. The deployment of AHTS Aditri reflects Sadhav’s ability to operate in technically challenging offshore environments, which include towing, positioning drilling rigs, and providing essential supplies to remote oil fields.

Such capabilities have become increasingly valuable as exploration activities move into deeper and more complex terrains—particularly in regions like West Africa, known for significant oil reserves and active offshore blocks operated by global giants such as ExxonMobil, Shell, and Chevron.

Corporate Commentary and Regulatory Transparency

The disclosure was signed by Ms. Madhuri Shrigopal Rathi, Company Secretary and Compliance Officer, who reconfirmed the contract’s alignment with Regulation 30 under SEBI’s LODR rules.

This timely filing underscores Sadhav Shipping’s commitment to regulatory compliance and investor communication, two areas that are becoming critical for mid-cap and small-cap listed companies in the Indian maritime sector.

The disclosure also reflects a broader trend where Indian shipping companies are increasingly participating in international contracts, thereby boosting India’s share in global maritime logistics revenues.

Company Background – Sadhav Shipping Ltd.

Sadhav Shipping Ltd., headquartered in Mumbai, is known for its diversified presence across port services, offshore logistics, and marine transportation. The company owns and operates a variety of vessels including AHTS, tugs, pilot launches, and patrol boats, catering to both public and private clients, including port trusts, oil companies, and terminal operators.

Its operational ethos, “Dream It. Do It.,” reflects an aggressive growth mindset, which is now evident in its expanding international footprint.

CIN: L35100MH1996PLC101909
Registered Office: 521, Loha Bhavan, P.D' Mello Road, Masjid (East), Mumbai – 400009
Corporate Office: 618, Laxmi Plaza, New Link Road, Andheri (W), Mumbai – 400053

With increasing investments in modern vessels, crew training, and operational efficiency, Sadhav Shipping is expected to be a major contender in both domestic and global offshore logistics markets.

Conclusion

The recent $562,500 contract signed with Almina Marine Limited for offshore operations in Nigeria is more than a short-term revenue opportunity for Sadhav Shipping. It serves as a strategic milestone for the company as it strengthens its foothold in the international oil and gas shipping industry.

By delivering value in demanding offshore conditions and maintaining regulatory transparency, Sadhav Shipping Ltd. continues to position itself as a trusted partner in global maritime operations—an aspiration clearly captured in its motto, "Dream It. Do It."

Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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