What The Greatship Group does

The Greatship Group is a Mumbai-based offshore service provider to the global oil and gas industry, operating through Greatship (India) Limited (GIL), a wholly owned subsidiary of publicly listed Indian shipping company The Great Eastern Shipping Company Limited. Founded in 2006 with two Norwegian-built platform supply vessels, the group has grown to a fleet comprising 4 modern 350-ft IC jack-up drilling rigs (Keppel FELS Mod V and LeTourneau Super 116E designs with 15000 PSI pressure rating) and approximately 19 offshore support vessels across five categories — Anchor Handling Tug Supply Vessels (AHTSVs), Platform Supply Vessels (PSVs), R-Class Supply Vessels, Multi-Purpose Supply and Support Vessels (MPSSVs), and ROV Support Vessels (ROVSVs). Most vessels are Class II Dynamically Positioned (DP2), enabling automated positioning without anchors for offshore exploration and production support. The combined fleet represents an investment of more than a billion dollars.

The company generates revenue primarily through time-charter hire of its rigs and vessels to International Oil Companies (IOCs), National Oil Companies (NOCs), and oil majors for drilling campaigns and marine support operations including platform supply, anchor handling, ROV support, subsea work, well stimulation, and geotechnical operations. Charter contracts are negotiated directly with oil and gas customers through in-house marketing and business development teams based in Mumbai, Singapore, and London. Operations span the Middle East, India, Southeast Asia, Africa, Brazil, Mexico, and the North Sea. Services are delivered against rigorous QHSE standards: the integrated management system is certified to ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), ISO 45001:2018 (Occupational Health and Safety), and ISO/IEC 27001:2013 (Information Security), with fleet-wide compliance with the ISM Code. The group also operates through wholly owned subsidiaries in Singapore (Greatship Global Offshore Services Pte. Ltd., Greatship Global Energy Services Pte. Ltd.), India (Greatship Oilfield Services Limited), and the United Kingdom (Greatship (UK) Limited).

The Greatship Group is positioned as a mid-tier offshore asset owner focused on high-specification drilling and marine support assets, leveraging the maritime heritage of its parent company (Great Eastern Shipping, established 1948). Recent activities include measured fleet adjustments — for instance, an AHTSV acquisition in 2023 and a 2022 vessel divestiture — alongside a 2021 corporate amalgamation consolidating Greatship Global Holdings Limited into GIL. Recognition includes the 2014 ESNAAD 'Best Contractor' award for HSEQ performance and the 2022 IMO Certificate of Commendation for the rescue of 261 personnel during Cyclone Tauktae. Pricing is not publicly disclosed and contract terms are bespoke, reflecting the enterprise B2B sales motion typical of the offshore OSV sector.

Name

The Greatship Group

Legal name

Greatship (India) Limited

Website

https://greatshipglobal.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

The Greatship Group operates a fleet of 4 jack-up drilling rigs and approximately 19 offshore support vessels (DP2 AHTSVs, PSVs, and ROV support vessels) under time-charter contracts to International Oil Companies, National Oil Companies, and oil majors across the Middle East, India, Southeast Asia, Africa, Brazil, Mexico, and the North Sea.

Ownership category

akta.pro rank

Product category

Offshore Drilling and Marine Support Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

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

• Offshore drilling services
• Marine support vessels
• Jack-up rig charter
• Anchor handling vessels
• Platform supply vessels

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Offshore Rig and Vessel Charter: Time charter hire of jack-up rigs and offshore support vessels to oil and gas companies for drilling and marine support operations. Revenue is generated through long-term and short-term charter contracts for the company's fleet of 4 jack-up rigs and approximately 19 offshore support vessels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Greatship Group operates a fleet of 4 modern 350-ft IC self-elevating jack-up drilling rigs and approximately 19 offshore support vessels — including Anchor Handling Tug Supply Vessels (AHTSVs), Platform Supply Vessels (PSVs), R-Class Supply Vessels, Multi-Purpose Supply and Support Vessels (MPSSVs), and ROV Support Vessels — chartered on a time basis to oil and gas companies for offshore drilling, platform supply, anchor handling, well stimulation, ROV support, subsea, and geotechnical operations worldwide.

Product overview

The Greatship Group operates as a premier offshore service provider offering an integrated fleet of high-specification assets for the global oil and gas industry. The portfolio consists of 4 modern jack-up drilling rigs (350-ft IC Jack-up Rigs including Greatdrill Chetna, Chaaya, Chaaru, and Chitra) and approximately 19 offshore support vessels across five vessel categories: Anchor Handling Tug Supply Vessels (AHTSVs with 80T and 150T bollard pull variants), Platform Supply Vessels (PSVs), R-Class Supply Vessels, Multi-Purpose Supply and Support Vessels (MPSSVs), and ROV Support Vessels. The company operates through a platform-plus-services model, providing both drilling campaign execution and marine logistics support to oil majors, IOCs, and NOCs globally.

Differentiator

Problem solved

Functional benefit

Products and services

• 350-ft IC Jack-up Rig Charter Time charter of self-elevating cantilever jack-up drilling units with capability to operate in water depths up to 350 feet, including HPHT and extended reach wells, marketed to International and National Oil Companies for offshore drilling campaigns.
• Anchor Handling Tug Supply Vessels (AHTSV) Charter Charter of modern DP-2 anchor handlers consisting of seven 80T (A-class) and two 150T (V-class) bollard pull vessels that support offshore exploration, production, and anchor handling operations for oil and gas clients.
• Platform Supply Vessel (PSV) Charter Charter of D-class and P-class platform supply vessels with excellent position keeping capabilities that operate globally from the North Sea and Mexico to India and South East Asia for offshore supply missions.
• R-Class Supply Vessel Charter Charter of R-class supply vessels with all-round capabilities to perform supply duties, ROV support, well stimulation, and deep sea geotechnical work for offshore oil and gas customers.
• Multi-Purpose Supply and Support Vessel (MPSSV) Charter Charter of M-class MPSSVs with large deck area and 66-man accommodation that are suitable for well stimulation, geotechnical operations, supply duties, and subsea conversion with hull-mounted USBLs and large moonpool.
• Offshore Logistics Services Marine support services including vessel chartering, offshore supply, and logistics operations across global markets including Brazil, Mexico, North Sea, Africa, Middle East, India, East Asia, and Australia.
• Offshore Drilling Services Jack-up rig drilling services with successful drilling campaigns including HPHT and extended reach wells, supported by competent crew and shore operations, executed for oil majors, IOCs, and NOCs.

Quantifiable outcome

• Successful drilling campaigns executed with practically nil breakdown, creating strong positive impression with clients

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• DOF Subsea: Norway-based owner and operator of AHTSVs, PSVs, and subsea construction vessels with global operations. Comparable to Greatship's ROVSV and MPSSV business in particular, given DOF's subsea intervention capabilities.
• Seadrill: Global offshore drilling contractor operating a diverse fleet of jack-ups, semisubmersibles, and drillships. While broader in scope, Seadrill's jack-up segment directly competes with Greatship's 350-ft IC rigs for premium drilling tenders.
• Borr Drilling: Bermuda-based pure-play jack-up drilling company operating a modern premium fleet of ~23 jack-up rigs globally. Highly comparable to Greatship in drilling rig asset profile, with similar focus on premium-spec, high-pressure units targeting IOC/NOC tenders.
• Vroon Offshore: Netherlands-based offshore support vessel operator with a fleet of AHTSVs, PSVs, and subsea support vessels serving North Sea and global markets. Directly comparable to Greatship's PSV/AHTSV charter business with similar vessel profiles.
• Vallianz Holdings: Singapore-based offshore support vessel provider focused on the Middle East, India, and Southeast Asia markets. Closely comparable to Greatship's OSV business in terms of vessel types (AHTSVs, PSVs), geographic focus, and customer base (NOCs and regional oil companies).
• Solstad Offshore: Norway-headquartered global OSV owner/operator with a large fleet of AHTSVs, PSVs, and subsea construction vessels. Comparable to Greatship's OSV operations in vessel categories, DP2 capabilities, and service offering breadth.
• Shelf Drilling: Dubai-headquartered pure-play jack-up rig operator with a fleet of ~40 jack-up rigs serving IOCs and NOCs across the Middle East, India, Southeast Asia, and Africa. Directly comparable in asset type, customer base, and operating geography to Greatship's drilling business.
• Edison Chouest Offshore: US-headquartered privately held OSV operator with a large, modern fleet of AHTSVs, PSVs, and crew boats. Comparable to Greatship in vessel categories and quality, with similar focus on long-term charter relationships with oil majors.

Regional players

• Swire Pacific Offshore: Hong Kong-based offshore support vessel operator with significant presence in Asia-Pacific and Australia. Closely comparable to Greatship in OSV fleet composition and Asia-Pacific operating focus, though Swire also services the broader regional offshore wind market.

Broad incumbents

• Tidewater: Largest global OSV operator with ~200 vessels across all major offshore basins. While broader and larger in scale than Greatship, Tidewater competes head-to-head on AHTSV and PSV charters in every region where Greatship operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/greatship

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Greatship Group