Global Offshore Services Ltd
NSE: GLOBOFFS BSE: 501848
₹42.94
+1.05 (2.51%)
Fri, 23 Oct 2026, 06:18 am
Market Cap (in Cr)128.9
PE Ratio0
Dividend0
Industrial Services
Oilfield Services/Equipment
24.5KGlobal Offshore Services Ltd 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.
