Gulf Marine Services (GMS), a leading provider of self‐propelled, self‐elevating support vessels to the offshore energy industry, is delighted to announce a two‐year contract extension (comprising one firm year plus a one‐year option) for one of its Mid‐size vessels currently operating in the GCC region. With this extension secured, the company’s backlog has increased to $607 million.

Mansour Al Alami, GMS Executive Chairman, commented:

“Closing the year with this award is a strong endorsement of GMS’s strategy, fleet performance and disciplined execution. With a robust backlog and a supportive industry outlook, we remain well positioned to deliver sustainable value for our stakeholders”

This announcement contains inside information and is provided in accordance with the requirements of Article 17 of the Market Abuse Regulation (EU) No. 596/2014 (as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended).
Source: Gulf Marine Services PLC