Adani Ports and Special Economic Zone Ltd. (APSEZ) has entered the European offshore services market through its marine arm Astro Offshore, partnering US-based Oceaneering International Inc. to pursue underwater and deep-sea projects in the region as the company looks to diversify its global marine exposure.
The move marks a significant overseas expansion for APSEZ’s fast-growing marine business as it seeks to reduce geographic concentration risks and expand beyond its existing presence across the Middle East, North Africa and West Africa. The development comes days after the businessline reported on May 6 that APSEZ was redesigning its offshore marine strategy following disruptions linked to tensions in West Asia and evaluating opportunities to expand into Europe.
Under the partnership, Astro Offshore will combine its fleet capabilities with Oceaneering’s deepwater engineering expertise to target offshore projects such as underwater construction, cable laying and pipeline installation in European markets. “This development supports APSEZ’s ambition to build a globally diversified marine platform,” stated Ashwani Gupta, whole-time director and chief executive officer of APSEZ.
As part of the expansion, Astro Offshore has added a new vessel — Energy Savanah, which will be renamed Astro Atlas — to strengthen its offshore capabilities. The 2021-built vessel is designed for deep-sea operations and can work at water depths of more than 3,000 metres. The vessel will support offshore activities including underwater construction, cable laying and pipeline installation. “The introduction of Astro Atlas significantly enhances our operational capability,” stated Mark Humphreys, chief executive officer of Astro Offshore.
APSEZ has been aggressively scaling up its marine business as part of a broader diversification strategy beyond ports and logistics. The company’s marine business revenue grew 134 per cent year-on-year to ₹2,681 crore in FY26, while it added 21 vessels during the year, taking its fleet size to 136 vessels. The company is now targeting to expand its marine fleet to around 200 vessels by 2031 and has outlined plans to invest up to ₹13,000 cr capex for building a broader offshore and marine infrastructure platform globally.
Published on May 12, 2026