Ahmedabad, May 12 (BNP): Adani Ports and Special Economic Zone (APSEZ) has intensified its global expansion strategy in the offshore and subsea engineering sector through a strategic partnership between its marine division, Astro Offshore, and US-based Oceaneering International.
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The collaboration marks APSEZ’s formal entry into specialised deepwater operations in the European market and signals the company’s growing ambitions beyond conventional port management and cargo handling businesses.
Officials familiar with the development said the partnership will focus on advanced offshore engineering, subsea services, deepwater infrastructure support, and marine logistics operations. The move is expected to strengthen APSEZ’s position in the rapidly expanding global maritime and offshore services industry.
As part of its long-term growth strategy, APSEZ is aggressively scaling its marine business and plans to expand its fleet strength to nearly 200 vessels over the coming years. The company is targeting marine business revenues of around ₹6,000 crore by the financial year 2030-31.
To support this expansion, APSEZ has earmarked nearly ₹13,000 crore in capital expenditure for the marine segment over the next five years. Industry experts believe the investment will help the company diversify its operations, strengthen technological capabilities, and establish a stronger international presence in offshore engineering and deep-sea operations.
The latest partnership also reflects the increasing globalisation of India’s maritime sector, with Indian infrastructure companies actively entering high-value international marine and subsea engineering markets.
The development is being viewed as a significant milestone in APSEZ’s transformation from a domestic port operator into a globally diversified maritime infrastructure and marine services company.