The company was originally incorporated as ‘ABS Marine Services Private Limited’ a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 27, 1992, issued by the Registrar of Companies, Tamil Nadu (RoC). Subsequently, the name of the company was changed from ABS Marine Services Private Limited’ to ‘ABS Marine Services Limited’, upon conversion into public company, pursuant to a special resolution passed by the shareholders of the company on September 27, 2023 and a fresh certificate of incorporation consequent to conversion was issued by the RoC on October 23, 2023.
The company was started by its diligent promoter, Capt. P B Narayanan, a person with long experience of more than 4 decades in the Shipping Industry. The company started operations with two offshore vessel management and as of the date of December 31, 2023 it has 5 owned vessels comprising of 2 advanced offshore vessels serving the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. It has one long term chartered specialised multipurpose offshore vessel serving the Oil & Gas Sector. In addition, as of December 31, 2023 it is carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities. It providing crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels and High Speed Crafts.
The company’s existing business is divided into four divisions: 1) Ship Owning 2) Ship Management 3) Marine Services and 4) Port Services. The company’s fully owned, chartered-in, totally managed & crewed fleet includes state of the art DP-2 Multipurpose offshore Supply Vessels, Anchor Handling Towing Supply Vessel, multi-disciplinary Ocean Research Vessels, Coastal Research Vessels, Fishery Oceanographic Research Vessel, Bulk Carriers, Gas Tankers, Oil Tankers, Passenger Vessels, High Speed Crafts & Harbour Crafts. It is a fully integrated company with in-house complete vessel management including commercial management. The company’s customers are primarily comprised of Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. It has also entered into 10 strategic contracts with government agencies which contributes towards its Revenue from Operations.
Business area of the company
ABS Marine Services is engaged in providing offshore vessel management, crew management and other seafarer/port related services.
Major events and milestones
- 1992: Awarded the Complete Ship Management of two Offshore Supply Vessels of the Great Eastern Shipping.
- 1996: Awarded the Complete Crew Management of the six Cargo Ships of The Great Eastern Shipping Company London Limited.
- 2001: Awarded the complete Crew Management for the 17 number Passenger vessels under the Directorate of Shipping Services (DSS) under A&N Administration.
- 2001: Awarded the complete Port Management of newly built Ennore Port, Tamil Nadu.
- 2002: Awarded the complete Crew Management for the Passenger vessels of the Lakshadweep Development Corporation Ltd.
- 2004: Established Epsom Shipping & commenced Ship Owning activities under Epsom Shipping with the first purchase of Offshore Support Vessel Epsom 1.
- 2006: Designed & Purpose built the Multi-Purpose Dive and Rov Support M.V. ATLA in Sarawak, Malaysia. Vessel employed with Cairn Energy and Saudi Aramco in the Long Term.
- 2007: Awarded the Total Ship Management contract for the state-of-the-art deep sea Ocean Research Vessel “Sagar Nidhi” from the National Institute of Ocean Technologies, Ministry of Earth Science.
- 2007: Awarded the Ship Management Contract for the 2,000 CBM Cutter Suction Dredger, 'MARG Cauvery' from Marg International Dredging Pte Ltd, India for the dredging and development of the then Marg Karaikal Port.
- 2008: Awarded the Ship Management Contract for the 5,000 CBM hopper capacity Trailer Suction Hopper Dredger, 'MARG Vaigai' from Marg International Dredging Pte Ltd for the dredging and development of the then Marg Karaikal Port.
- 2009: Awarded the Complete Ship Management of Chemical Tanker “M.V. Taurus” for Peninsular Tankers Private Limited, a part of the Ruchi Soya Group.
- 2010: Awarded the Complete Management of the 17 Passenger Vessels of the Directorate of Shipping Services (DSS) under the A&N Administration.
- 2011: Awarded the Ship Management contract of the DP-2 ROV Multi-Purpose Offshore Vessels “LEWEK ALTAIR” & LEWEK ATLAS” for EMAS Marine, Singapore.
- 2011: Awarded the contract for Ship Management of Passenger cum Ro-Ro Ship Amet Majesty from AMET Shipping Pvt Ltd.
- 2014: Built & delivered new state-of-the-art DP-2 Multi-Purpose Offshore Supply Vessel “M.V. Celestial” at the Xiamen Shipbuilding Industry, China. The vessel is owned by Epsom Shipping India Pvt Ltd (Subsidiary Company).
- 2015: Purchase of one Offshore Support Vessel from Milaha, Qatar.
- 2015: Long Term Leasing of two Offshore Support Vessels from Milaha, Qatar.
- 2015: Commencement of 4 Long Term Contracts with Oil & Natural Gas Corporation for 4 Offshore vessels.
- 2019 Awarded the Total Ship Management of new building Coastal Research Vessels of the National Institute of Ocean Technology under the Ministry of Earth Science.
- 2019 Purchase of Platform Supply Vessel ABS Amelia.
- 2019 Award of Long-Term Contract for the supply of Platform Supply vessel for Oil & Natural Gas Corporation.
- 2020: Award of 7+2-year contract for new building and operating Two Nos of Harbour Crafts for Kamarajar Port Ltd.
- 2020: Award of Long-Term Contract for the supply of One Offshore support vessel for Oil & Natural Gas Corporation.
- 2021: Award of 7+2-year contract for new building and operating One Nos of Harbour Craft for Chennai Port Authority.
- 2022: Award of the Total Management Contract covering Running, Manning, Maintenance (including maintenance and operation of scientific equipment), Catering for the Crew and Scientists and Housekeeping of the Six Research Vessels of the Ministry of Earth Sciences [MoES], Govt. of India.
- 2022: Chartering in of one Platform Supply Vessel ERIN.
- 2023: Award of 5 Year Contract from Oil & Natural Gas Corporation for the supply and operation of one Platform Supply Vesel for supporting the operations of Floating Production, Storage and Offloading Vessel (FPSO) for Cluster-II Development Project of NELP Block KG-DWN-98/2.
- 2023: Successful conversion and delivery of the Multi-Purpose Offshore Supply Vessel to Oil & Natural Gas Corporation for supporting FPSO Armada Sterling - V for Cluster-II Development Project of NELP Block KG-DWN-98/2.
- 2023: Award of Long-Term Contract for the supply of One Offshore support vessel for Oil & Natural Gas Corporation.