ABS Marine Services Limited IPO

ABS Marine Services Limited was established in October 1992. It undertakes offshore vessel management and has five vessels in its possession as of December 31, 2023. They are comprised of two state-of-the-art offshore vessels for the oil and gas sector and three harbour vessels for the Indian port sector.

There are four sections in this group: Ship Ownership, Ship Management, Marine Services, and Port Services.

The company currently manages a total of 12 vessels for the government, public companies, private companies, and port authorities as of December 31, 2023. It also provides crew management services for 24 other vessels, including oil tankers, gas carriers, bulk carriers, passenger ships, and high-speed vessels.

The company has a fully chartered, managed and manned fleet of vessels. These include state-of-the-art DP-2 multipurpose offshore supply vessels, anchor handling supply vessels, multidisciplinary marine research vessels, coastal research vessels, oceanographic fisheries research vessels, bulk carriers, gas tankers, oil tankers, passenger vessels, high speed craft and harbour vessels.

The company has offices in the two largest cities in India, namely Mumbai and Chennai, and also a branch office in Cochin and a satellite office in Kakinada. Furthermore, as of December 31, 2023, the company has over 40 in-house professionals in its network that support it in its work.