Gulf Marine Services awarded pair of new contracts

Gulf Marine Services awarded pair of new contracts

UAE-based liftboat operator Gulf Marine Services (GMS) has been awarded two new contracts.

One of the company’s small K-Class vessels has been awarded a seven-month contract, with additional options, to provide support for offshore activities for an unnamed Middle Eastern national oil company.

A mid-sized S-Class vessel has been awarded a 12-month contract supporting the offshore activities of a Middle Eastern national oil company.

GMS fleet utilisation for 2020 now stands at 73%, with the company having secured over $74m worth of new contracts since August 2019.

Tim Summers, executive chairman of GMS, commented: “Momentum is building. These are important contract awards for GMS, continuing to add to our order book for 2020. Secured day-rates for these contracts are firm and are consistent with existing contracts in the region.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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