ABS Marine
ABS Marine Services Limited is a publicly listed Chennai-based operator of offshore support vessels (AHTS and MPSV) providing anchor handling, tug supply, and offshore logistics services to oil and gas exploration companies on India's east coast under long-term charter contracts.
- Company typePrivate
- Founded1992
- HeadquartersChennai, India
- Headcount51–100
- GTM typeB2B
- OfferingServices
What ABS Marine does
ABS Marine Services Limited (NSE: ABSMARINE) is a Chennai-based, publicly listed Indian offshore support vessel operator serving oil and gas exploration and production companies on India's east coast. Founded in 1992 by P. B. Narayanan, the company owns and operates specialized marine assets — Anchor Handling Tug Supply (AHTS) vessels and Multi-Purpose Support Vessels (MPSV) — used for anchor handling, tug supply, and general offshore logistics in support of petroleum E&P activity. The fleet includes MV ARTEMIS (deployed on a ₹126.12 crore, 5+5 year charter with Hardy Exploration & Production India Inc.), the recently delivered OSV HADES, and an MPSV contracted for Q1 FY27 delivery.
The business model is anchored in long-term, recurring enterprise charter contracts — typically 5-year firm terms with extension options — negotiated directly with offshore energy operators. Revenue is therefore subscription-like in character (recurring contracted utilization) and supplemented by managed offshore support services. Pricing is not publicly disclosed but is structured per-vessel per-contract with enterprise customers. FY26 total income reached ₹322.64 Cr (75.05% YoY growth) with a 47.28% EBITDA margin and ₹80.80 Cr in profit after tax.
The company is currently executing a fleet expansion strategy, acquiring vessels from the international market to upgrade service capability and target higher-value assignments. Beyond commercial operations, ABS Marine has engaged in litigation against the Andaman and Nicobar Administration, culminating in a Supreme Court victory upholding contractual fairness against unilateral government penalty deductions. The company's GTM is direct enterprise field sales to a narrow set of oil & gas exploration operators, with no consumer or SMB channel and limited public marketing presence beyond press releases on contract wins and financial results.
ABS Marine firmographics
Firmographics- Name
- ABS Marine
- Legal name
- ABS Marine Services Limited
- Website
- https://absmarine.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- ABS Marine Services Limited is a publicly listed Chennai-based operator of offshore support vessels (AHTS and MPSV) providing anchor handling, tug supply, and offshore logistics services to oil and gas exploration companies on India's east coast under long-term charter contracts.
- Ownership category
- akta.pro rank
ABS Marine industry classification
Industry- Product category
- Offshore Marine Services
- NAICS
- Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)
- SIC
- Oil & Gas Field Services, Nec (1389), Water Transportation (4400), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)
- akta.pro secondary industry
- Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)
Keywords
Where ABS Marine is headquartered
LocationHeadquarters
- HQ city
- Chennai
- HQ country
- India
- HQ region
- Asia
Markets served
ABS Marine business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain
Revenue model
- Vessel Charter Services: ABS Marine generates revenue through long-term charter party agreements for its Anchor Handling Tug Supply (AHTS) vessels and Multi-Purpose Support Vessels (MPSV). Contracts are typically 5 years firm with options for extension, providing revenue visibility and stable vessel utilization. The company owns and operates its fleet, with revenue driven by fleet expansion and improved utilization rates.
- Offshore Support Services: Revenue from providing offshore support vessel services including anchor handling, tug supply, and general offshore support for petroleum exploration and production activities on India's east coast.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
ABS Marine product offering
Product offeringCore offering
ABS Marine Services Limited operates a fleet of offshore support vessels providing charter services to oil and gas exploration and production companies. The company specializes in Anchor Handling Tug Supply (AHTS) vessels including MV ARTEMIS and HADES, as well as Multi-Purpose Support Vessel (MPSV) operations, offering anchor handling, tug supply, and offshore logistics on long-term charter contracts primarily supporting petroleum exploration on India's east coast.
Product overview
ABS Marine Services operates a fleet of owned and chartered offshore support vessels providing marine services to the oil and gas industry. The company offers offshore support services including anchor handling, tug supply, and general offshore vessel operations. Their fleet includes owned vessels like the HADES and MPSV, as well as chartered vessels such as MV ARTEMIS deployed on long-term contracts supporting petroleum exploration and production activities on India's east coast.
Differentiator
Problem solved
Functional benefit
Products and services
- AHTS Vessel Charter Services Charter of Anchor Handling Tug Supply vessels including MV ARTEMIS and HADES to oil and gas exploration companies for anchor handling, towing, and offshore platform supply operations.
- MPSV Operations Multi-Purpose Support Vessel charter services for offshore logistics, supply, and subsea support activities for oil and gas operators.
Quantifiable outcome
- 75.05% year-on-year revenue growth in FY26
- +3 more outcomes
Companies that use ABS Marine
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
ABS Marine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ABS Marine partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hardy Exploration & Production (India) InccoreABS Marine Services signed a ₹126 crore Charter Party Agreement with Hardy Exploration & Production (India) Inc for deployment of its Anchor Handling Tug Supply vessel MV ARTEMIS. The contract carries a firm tenure of 5 years with an option for extension of another 1,825 days (5 years), supporting petroleum exploration and production activities on India's east coast.
Scale indicators6 records
Recent moves7 records
Expansion highlights4 records
ABS Marine competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
ABS Marine financial estimates
Financial estimateRevenue estimate
Valuation estimate
ABS Marine leadership team
Management profileNumber of profiles
Profiles1 record
ABS Marine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ABS Marine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ABS Marine
What does ABS Marine do?
ABS Marine Services Limited operates a fleet of offshore support vessels providing charter services to oil and gas exploration and production companies. The company specializes in Anchor Handling Tug Supply (AHTS) vessels including MV ARTEMIS and HADES, as well as Multi-Purpose Support Vessel (MPSV) operations, offering anchor handling, tug supply, and offshore logistics on long-term charter contracts primarily supporting petroleum exploration on India's east coast.
Is ABS Marine a public or private company?
ABS Marine is a private company. It is classified as public and is currently operating.
When was ABS Marine founded?
ABS Marine was founded in 1992. It employs 51 to 100 people.
Where is ABS Marine based?
ABS Marine is headquartered in Chennai, India, in the Asia region.
How does ABS Marine make money?
Two revenue lines are on record. Vessel Charter Services are the primary driver. The others are offshore Support Services.
Does ABS Marine have an API?
No public API is recorded for ABS Marine.
What industry is ABS Marine in?
ABS Marine's product category is Offshore Marine Services. Its primary akta.pro industry code is EUALABAJ, Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters), with a secondary code of TLADABAL, Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS). Its NAICS code is 4883 and its SIC code is 1389.