Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels for the offshore energy sector, is pleased to announce a 171-day extension to an existing contract for one of its large-class vessels operating in the GCC. Following the award of this contract extension, the backlog stands at $483 million.
Mansour Al Alami, GMS Executive Chairman, commented:
"This contract extension reflects the continued demand for our vessels, the overall strength of the market and the ongoing confidence of our partners in the service we provide."
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).
