Middle EastOffshore

Gulf Marine Services clinches new vessel contract

UAE-based liftboat operator Gulf Marine Services (GMS) has won a new contract with an engineering, procurement and construction (EPC) client in the MENA region for one of its four E-class vessels.

The contract will commence in the second quarter of 2023 and last for 22 months. 

The London-listed GMS has a fleet of 13 self-propelled self-elevating support vessels.

Financial details of the deal have not been disclosed, but the company’s executive chairman, Mansour Al Alami, said the award reflects the increasing demand for vessels and improved day rates for which “GMS remains well positioned to take advantage of going forward”.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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