GMS announces new contracts

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Gulf Marine Services (GMS), a leading provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, is pleased to announce a contract extension for one small class vessel and a new contract for another small class vessel.

Both the extension and the new contract are for vessels in the GCC. The contract extension, surpassing the initially issued duration, is for a period of an additional 176 days. The new contract is for a total duration of 210 days.

Mansour Al Alami, GMS Executive Chairman, welcomed these developments, stating: “As we enter 2024 demand for our services in the region remains strong as reflected by these contract awards, again with overall improvement to average day rates.”

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