Adani Ports and Special Economic Zone said on Tuesday its marine platform Astro Offshore has partnered with US-based engineering and applied technology firm Oceaneering International, to expand into Europe’s specialised subsea and offshore services market, as the Indian ports-to-logistics conglomerate targets Rs 13,000 crore in capital expenditure by FY31 to build a 200-vessel global marine fleet.
The partnership marks APSEZ’s entry into specialised subsea operations in Europe and forms part of the company’s broader strategy to build one of the world’s largest integrated marine platforms spanning offshore logistics, underwater engineering and deepwater infrastructure services.
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As part of the expansion, Dubai-based Astro Offshore has acquired Energy Savannah, a 97-metre DP2 multipurpose support vessel that will be renamed Astro Atlas, to undertake subsea construction, cable laying and pipeline installation work in ultra-deepwater offshore projects.
The 2021-built vessel can operate in water depths of more than 3,000 metres and is equipped with a 150-tonne subsea active heave compensated crane, a secondary 25-tonne crane, moonpool facilities and accommodation for up to 100 personnel.
APSEZ said the collaboration would combine Astro Offshore’s expanding high-specification fleet with Oceaneering’s deepwater engineering and remotely operated vehicle (ROV) expertise to pursue offshore projects in Europe.
“This development supports APSEZ’s ambition to build a globally diversified marine platform,” APSEZ Whole-time Director and CEO Ashwani Gupta said in a statement.
Astro Offshore CEO Mark Humphreys said the addition of Astro Atlas would strengthen the company’s operational capabilities in ultra-deepwater environments and support more complex offshore projects.
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Subsea operations involve underwater engineering work critical for offshore energy and marine infrastructure projects, including cable laying, pipeline installation, underwater construction and maintenance activities.
APSEZ is targeting marine revenue of Rs 6,000 crore by FY31 from its expanding offshore and marine business portfolio.
