Business EconomyPosted at: May 16 2026 7:36PM


Adani Ports acquires 51 pc stake in Argentina’s Meridian to expand South America maritime operations

Mumbai, May 16 (UNI) Adani Ports & Special Economic Zone Ltd (APSEZL) has officially informed the stock exchanges that it has acquired a 51% majority stake in Argentina-based shipping cargo logistics and nautical services company Meridian Transportes Marítimos SA.
According to the APSEZL statement, the deal aims to establish a joint venture for nautical services, leveraging existing contracts with Southern Energy SA, which is a strategic step to scale the company’s maritime operations within the South American market.
“We wish to inform that the Adani Harbour International FZCO (“TAHID”), a step-down subsidiary of the company, has entered into a share purchase agreement on May 15, 2026, for the acquisition of a 51% stake of Meridian Transportes Marítimos SA from Logistica y Servicios Maritimos SA and Simpo SA,” the APSEZL informed the stock exchanges.
The acquisition serves as a key pillar in the company’s strategy to strengthen its maritime presence in South America. By forming this joint venture, the entity will provide specialized nautical services.
A significant part of the deal involves leveraging an existing 10-year contract that Meridian Transportes Marítimos S.A. holds with Southern Energy SA (SESA) for the supply of six vessels, which was executed in late December 2025.
The development comes after APSEZL's marine platform, Astro Offshore, recently contracted with Oceaneering International Inc, a US-based engineering and applied technology company, to pursue specialised offshore and subsea opportunities in Europe.
Subsea activities involve specialised underwater engineering critical to offshore energy and marine infrastructure projects, including cable laying, pipeline installation, underwater construction, inspection, maintenance, and intervention in deepwater environments. These projects require advanced vessels, remotely operated vehicle (ROV) systems, and high-end operational capabilities.
The deal marked a significant step in APSEZ’s expansion into ultra-deepwater operations and international markets, further supporting its strategy to build one of the world’s largest integrated marine platforms.
APSEZL's marine platform Astro Offshore has strengthened its deepwater fleet with the addition of Energy Savannah (to be renamed Astro Atlas), a modern 2021-built 97-metre DP2 multipurpose support vessel. Equipped with a 150-tonne subsea AHC crane, a 25-tonne secondary crane, a moonpool, and accommodation for up to 100 personnel, the vessel is designed to support a wide range of offshore operations, including subsea construction, cable laying, and pipeline installation.
With the capability to operate in water depths of over 3,000 metres, Astro Atlas will enable Astro Offshore to enter the ultra-deepwater segment, unlocking access to more complex, high-value offshore projects. Its advanced DP2 system and robust design support safe and efficient operations in challenging environments.
This development aligns with APSEZ’s strategy to build one of the world’s largest integrated marine platforms spanning logistics, offshore support, underwater engineering, and deepwater infrastructure services. As part of its long-term roadmap, the company is targeting a 200-vessel fleet along with marine revenue of Rs 6,000 crore and planned capex of Rs 13,000 crore by FY31.
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Tags: #Adani Ports acquires 51 pc stake in Argentina’s Meridian to expand South America maritime operations
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