how many vessels global offshore have and parked at what rates to whom
For Global Offshore Services Ltd (NSE: GLOBOFFS), based on the latest public disclosures up to FY25 and early FY26:
1. Number of vessels (current)
- As of 31 March 2025, the company owned and operated 2 vessels:
- M.V. Mahananda – Anchor Handling Tug cum Supply Vessel (AHTSV)
- M.V. Kamet – Platform Supply Vessel (PSV)
Both were operating offshore India (Mahananda on the East Coast, Kamet on the West Coast). (capitalmarket.com)
- After the FY25 year-end, the company disclosed acquisition of a third vessel, a second‑hand AHTSV M.V. Mahanadi. (ifinltd.in)
So, currently the owned fleet is effectively 3 offshore support vessels (1 PSV + 2 AHTSVs).
2. Where the vessels are deployed (“parked”) and with whom
Public filings give only broad deployment, not exact present charterers for each ship:
- M.V. Mahananda (AHTSV) – disclosed as working on the East Coast of India in the latest director’s report. (capitalmarket.com)
- M.V. Kamet (PSV, upgraded to DP2) – disclosed as working on the West Coast of India; historically has worked for ONGC and other E&P clients on long‑term contracts. (capitalmarket.com)
- M.V. Mahanadi (AHTSV) – recently acquired; filings only state that it is an AHTSV added in 2025, expected to be employed with E&P companies in offshore work, but no detailed deployment or specific charterer is given yet. (ifinltd.in)
On its operations page, the company mentions past and present clients (for its AHTSVs and PSVs) as including: ONGC, Total E&P, Vedanta, Petrobras, Jubilant Enpro, Shell, Larsen & Toubro, etc., but it does not map each vessel to a specific client in the latest period. (globaloffshore.in)
3. Charter rates – what is and isn’t known
- Current individual day rates and counterparties for each vessel are not disclosed in recent annual reports, director’s reports, or investor presentations. Only aggregate charter hire income for the company is reported.
- For context, there are some historical examples, which are not indicative of today’s rates but show the order of magnitude in earlier cycles:
- M.V. Kamet (PSV):
- 5‑year ONGC contract around 2007 valued at about ₹24 crore per year. (rigzone.com)
- 3‑year contract awarded in 2014 valued at about ₹29 crore per year (~₹0.8 crore per month). (offshore-energy.biz)
- M.V. Mahananda (AHTSV):
- 3‑year contract around 2011 from an E&P company, valued at about ₹13.1 crore per year. (economictimes.indiatimes.com)
These figures are old contracts (2007–2014) in a very different market environment. Offshore day rates are cyclical and strongly linked to crude prices and OSV supply; they cannot be used to infer today’s rates.
4. Summary in tabular form (publicly available details)
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| Vessel | Type | Latest disclosed deployment | Charterer info (public) | Rate info (public) |
|---|---|---|---|---|
| M.V. Kamet | Platform Supply Vessel (PSV), upgraded to DP2 | Working on West Coast of India (FY23–25 director’s reports) | Historically ONGC and other E&P clients; current specific charterer not disclosed | Historical: ONGC 5‑yr contract ~₹24 cr/yr (c. 2007); 3‑yr contract ~₹29 cr/yr awarded 2014. No current rate disclosed. |
| M.V. Mahananda | Anchor Handling Tug cum Supply Vessel (AHTSV) | Working on East Coast of India (latest director’s report) | E&P company clients (list includes ONGC, etc.); current specific charterer not disclosed | Historical: 3‑yr contract around 2011 at ~₹13.1 cr/yr. No current rate disclosed. |
| M.V. Mahanadi | Anchor Handling Tug cum Supply Vessel (AHTSV) | Acquired post FY25; expected to operate in offshore E&P support; no detailed deployment yet in filings | Not yet specified in public disclosures | No rate or contract value disclosed. |
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5. Data limitations
- Indian listed shipping / OSV companies typically do not publish live per‑vessel charter rates or counterparty names; this is treated as commercially sensitive.
- For up‑to‑date specifics on “parked at what rate to whom” on each vessel, you would generally need:
- direct management interaction (AGMs, con‑calls, or company queries), or
- access to specialist offshore shipping / shipbroking data services.
For primary reference, you can review:
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Company site: https://www.globaloffshore.in
Recent background/operations: brokers like ICICI Direct / Kotak / Arihant / Bajaj, and director’s report extracts on Capital Market / Goodreturns etc.
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