Bengaluru, June 26 -- During Thursday's trading session, shares of a company involved in the business of providing shipping services hit a 2 percet upper circuit on NSE, after signing a Charter Party Agreement worth Rs. 178 crores with a Hong Kong-based company.

With a market cap of Rs. 483.8 crores, the shares of ABS Marine Services Limited hit a 2 percent upper circuit at Rs. 197.1 on BSE, as against its previous closing price of Rs. 193.25.

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According to recent regulatory filings on the NSE, ABS Marine Services Limited has entered into a Charter Party Agreement with Schlumberger Asia Services Limited, a Hong Kong-based company.

The deal, valued at $20.67 million or nearly Rs. 178 crores, for the initial three years, ...