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Global Offshore Services Ltd logo

Global Offshore Services Ltd

NSE: GLOBOFFS BSE: 501848

₹50.04

(-2.28%)

Sat, 07 Mar 2026, 00:43 pm

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Company History

1976

  • The Company was incorporated on 10th September.
  • The Company was promoted by Shri B.D. Garware.

1979

  • The Company expanded its fleet to four by acquiring two more Danish-built general cargo vessels with reefer capacity.

1980

  • The Company deferred the acquisition of second-hand vessels due to falling prices.
  • The Company proposed to sign a contract with Hyundai Corporation for the construction of one 37,900 DWT Bulk Charter.
  • A contract was signed with Maroil Engineers & Shipbuilders, Pvt. Ltd., Singapore for the construction of five vessels.

1981

  • The Company issued 22,50,000 equity shares through a prospectus.

1986

  • The Company took two boats on bareboat charter from M/s. Swire Pacific Offshore, Dubai.

1988

  • The Company obtained approval from the Government to acquire three timber general cargo vessels.

1989

  • The Company's margins were under pressure due to an all-round increase in costs.
  • The Company acquired m.v. 'Raigad', m.v. 'Pratapgad', and m.v. 'Shivneri'.
  • The Company offered 3,56,250 - 12.5% secured redeemable convertible debentures of Rs.100 each on a Rights basis.

1990

  • The gross charter line and freight earnings increased by 23% to Rs.17.16 crores.
  • 4,30,170 shares were issued at par in part conversion of debentures.

1991

  • Margins were under pressure due to a drop in freight rates and an overall increase in expenditure.
  • The Company issued 47,88,485 rights equity shares of Rs.10 each at a premium of Rs.8 per share.
  • 8,60,340 shares were issued at par in the second conversion of debentures.

1992

  • The gross charter hire and freight earnings increased by 20% to Rs.33.83 crores.
  • The Company proposed to raise Rs.13.06 crores by issuing 59,35,071 equity shares of Rs.10 each at a premium of Rs.12 per share on a rights basis.
  • 60,00,781 shares were issued on a rights basis.

1993

  • The Company issued 50,90,510 rights equity shares of Rs.10 each at a premium of Rs.8 per share.
  • 8,28,850 shares were issued at par in the 3rd conversion of debentures.

1996

  • The Company's operating income decreased by 9% compared to the previous year to Rs.23.21 crores.

2005

  • Garware Shipping entered into a Ship Building contract with Havyard Leirvik, Norway.
  • The Company changed its name from Garware Shipping Corporation Ltd. to Garware Offshore Services Ltd.

2007

  • The Company signed a Memorandum of Understanding (MOU) with Havyard Leirvik AS, a Yard in Norway, for exclusive representation for the marketing and sale of Ships built by Havyard Leirvik A.S.

2008

  • The Company entered into a Memorandum of Understanding (MoU) for the acquisition of one Anchor Handling Tug Cum Supply Vessel (AHTSV).
  • Mr. Duncan Steele-Bodger was appointed as an Additional Director.
  • The Company secured a firm contract for up to 3 years in South Africa for its new Anchor Handling Tug-cum-Supply Vessel (AHTSV), 'M V Meghna'.

2009

  • The Company took delivery of a new 60 Ton B. P. Ahtsv, 'MV Mahananda', in March 2009 at Singapore, which is fitted with DP1 and Fifi1.
  • The Company took delivery of a newly built Platform Supply Vessel named 'M V Makalu' in Norway.

2010

  • The Company received a Notice of Award of Contract from Oil & Natural Gas Corporation Ltd (ONGC) for its Platform Supply Vessel, 'M.V. Kailash'.

2011

  • Garware Offshore Services vessel M.V. 'Kailash' was awarded a 4 year firm contract in Brazil worth approximately Rs. 38 crores per annum.
  • The Company's name was changed from Garware Offshore Services Limited to Global Offshore Services Limited.
  • Global Offshore bagged a contract worth Rs 194.5 cr.

2012

  • Global Offshore announced the acquisition of a platform supply vessel (PSV) from Havyard Group AS, Norway.

2013

  • Global Offshore bagged a contract worth Rs 49 cr.
  • Global Offshore Services received an order from Havyard Ship Technology.

2014

  • The Board recommended a Dividend of 12%, i.e. Rs. 1.20 per share.
  • The Registered Office of the Company was shifted from Chander Mukhi, Nariman Point, Mumbai to 101, Swapnabhoomi, 'A' Wing, S. K. Bole Road, Dadar (W), Mumbai.

2015

  • The Company took delivery of a new 80 ton AHTSV, M. V. Lachung, which is fitted with DP2 and FiFi1 and is on a long term contract in India.

2024

  • The Company received a Letter of Award from Cairn Oil & Gas for a three-year contract worth approximately INR 15.00 Crores.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800