Gulf Marine Services secures liftboat contract

UAE-based offshore platform operator Gulf Marine Services (GMS) has secured a new contract for one of its small class vessels.

The new charter is for 12 months including options and is scheduled to commence shortly. The vessel will be supporting well intervention activities for a national oil company in the MENA region.

“This new award, which follows last month’s announcement of three long-term contracts, is further evidence of a continuing market recovery. The sustained higher oil price is having a positive impact in our sector, with increasing levels of maintenance and capex activity generating more contract opportunities for our vessels,” said Duncan Anderson, Chief Executive Officer of GMS.

Last month, GMS was awarded three contracts for one small class and two mid-size class self-elevating support vessels in the MENA region.