Adani Ports and SEZ Ltd News

Watson Farley & Williams (WFW) advised the owners of Astro Offshore (Astro Offshore) on the sale of an 80% stake in the business for US$185 million to Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company and part of the Adani Group. Core transaction The existing shareholders retain 20%. With the core transaction documents successfully signed, the deal is expected to close shortly. This all-cash deal gives Astro Offshore an enterprise val...

Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Limited bags orders for the construction of three 70 T Bollard Pull ASD Tugs for Ocean Sparkle Limited, an Adani Harbour Services Limited company. Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of India’s pioneering shipyard, Cochin Shipyard Limited (CSL), has bagged another prestigious order from its existing customer and pioneering Indian tug operator, Ocean Sparkle Limited (OSL), an Adan...

With the successful delivery of the M.T. Joymoni to Mongla Port Authority, Bangladesh, Cheoy Lee Shipyards Ltd. has reached a significant milestone. This latest tug is the 50th RAmparts 3200-CL to be completed, and it represents more than a decade of evolution and refinement in tug design.    There are vessels operating for clients such as Svitzer, Boluda, SAAM, PSA, KOTUG, and Ocean Sparkle/Adani. The RAmparts 3200-CL is operating in regions all over the world, including Asia-Pacifi...