| Offshore Shipping Services | Diving support vessels, subsea solutions, turnkey subsea projects including diving, ROVs and underwater construction. | Fleet ownership, technical expertise, strong client relationships, and exclusive operational contracts with ONGC. | Primarily B2B serving oil and gas operators like ONGC, L&T, and international oilfield service companies. | Turnkey subsea projects and specialized DSV deployment achieved higher margins. | 559 | 85 | Long-term vessel charters, project contracts, and third-party vessel management fees. | Contract based long-term charters and project milestone payments. | Increased offshore oil exploration, demand for sophisticated subsea operations, and technical project capabilities. | SEAMEC II, III, PRINCESS, PALADIN, SWORDFISH |
| Bulk Carrier Operations | Marine transportation of dry bulk cargo such as food staples, commodities, and industrial products. | Strategic joint ventures and subsidiary structure providing operational flexibility and market access. | Bulk commodity importers/exporters, logistics firms; B2B focused internationally. | Long-term charter contracts with reliable clients. | 92 | 15 | Charter hire and freighting services via wholly owned subsidiaries and joint ventures. | Charter party agreements and voyage-based freight contracts. | Global dry bulk demand, strategic acquisitions of vessels, and expansion in international shipping markets. | SEAMEC GALLANT, ASIAN PEARL |
