Gulf Marine Services (GMS), a leading provider of advanced self‐propelled, self‐elevating support vessels serving the offshore oil, gas and renewables industries, has won two new contracts and one deal extension. 

 

One of the new contracts is for a large class vessel, while the other is for a small vessel. The contract extension is for a mid-tier vessel.  These contract awards, with improved day rates, equate to seventy-eight months of utilisation, significantly increasing the overall fleet backlog and secured revenue.

 

Mansour Al Alami GMS Executive Chairman said: “These contract awards solidify our financial position going into 2023 and again reflects positively on the already favourable market conditions.”-- TradeArabia News Service