Gulf Marine Services secures new vessel deal

London-listed liftboat operator Gulf Marine Services (GMS) has won a new contract for an additional vessel in the Middle East.

The contract, awarded by an undisclosed firm described only as a “major regional client”, spans an initial term of seven months with extension options.

According to the company, the additional vessel used to meet the demands of this project will support a range of offshore operations.

This contract comes a week after the UAE-based firm won extensions for two of its vessels. The company said that the extensions were for three years and that the client was a major national oil company in the Middle East. Financial details were not disclosed.

Earlier in the year, the liftboat operator won a 171-day contract extension for one of its vessels operating in the Gulf Cooperation Council region.