Adani Ports and Special Economic Zone (APSEZ) has announced plans to expand its European offshore footprint through a new partnership with Oceaneering International, committing $1.36 billion in capital expenditure through FY2031.
According to Reuters, the operator said the investment will support the development of offshore and subsea capabilities via its marine arm Astra Offshore, with a target of generating around 60 billion rupees ($626.71 million) in marine revenue.
As part of the programme, Astra Offshore plans to develop a 200-vessel fleet focused on offshore support and specialised marine services, marking a notable shift beyond conventional port operations into global offshore logistics.
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The strategy is reportedly aimed at capturing growing offshore demand in Europe, while reducing reliance on domestic port throughput as the company broadens its international marine services portfolio.
The expansion comes at a time when the group is reassessing medium-term growth expectations.
Adani Ports and Special Economic Zone recently indicated slower core earnings growth in FY2027, citing external pressures including US tariffs and geopolitical tensions linked to the Iran conflict.
For more information:
APSEZ – https://www.adaniports.com/
