Adani Ports Share Price Up Over 3%; Its Arm Astro Offshore Enters Europe Subsea Operations Segment

Adani Ports and Special Economic Zone announced its offshore business, Astro Offshore, has entered into a contract with Oceaneering International for offshore and subsea operations in Europe. The development was disclosed in a filing issued on May 12, 2026.  

The agreement is linked to subsea engineering work in deepwater offshore projects. These activities include cable laying, underwater construction, pipeline installation, inspection and maintenance work carried out in offshore environments.  

Addition Of New Deepwater Vessel 

Astro Offshore has added a 97-metre DP2 multipurpose support vessel, Energy Savanah, to its fleet. The vessel will be renamed Astro Atlas. Built in 2021, the vessel is fitted with a 150-tonne subsea crane, a secondary 25-tonne crane, a moonpool, and accommodation capacity for 100 personnel.  

According to the company, the vessel can operate in water depths of more than 3,000 metres. It is expected to be used for subsea construction work, cable laying and offshore pipeline projects.  

The vessel also marks Astro Offshore’s entry into ultra-deepwater operations.  

APSEZ Marine Business Plans 

APSEZ said it plans to expand its marine operations over the coming years. The company has set a target of building a 200-vessel fleet by FY31. It has also outlined planned capital expenditure of ₹13,000 crore and marine revenue target of ₹6,000 crore during the period.  

The company currently operates 15 ports and terminals across India and four international ports in Australia, Colombo, Israel and Tanzania. 

 Its marine fleet consists of 136 vessels, while Astro Offshore operates more than 50 vessels across the Middle East, Africa, and Asia.  

Read More: Adani Power Share Price in Focus After Getting CCI’s Nod for Acquiring GVK Energy! 

Adani Ports and Special Economic Zone Share Price Performance  

As of May 13, 2026, 1:02 pm, Adani Ports and Special Economic Zone Ltd share price was trading at ₹1,750.00, a 3.66% increase from the previous closing price. 

Conclusion 

The Oceaneering contract adds European offshore work to Astro Offshore’s operations and expands APSEZ’s presence in subsea and deepwater marine activities. 

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