Gulf Marine bags two-year deal

Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels serving the energy sector, has won a new long-term contract award for one of its mid-size class vessels.

The new charter is for two years, including options, and is scheduled to start shortly, GMS said on Tuesday.

The vessel will be supporting well intervention activities for a national oil company in the Middle East and North Africa (MENA) region.

Duncan Anderson, Chief Executive Officer of GMS, said: “As we recently reported, we are seeing increasing levels of inquiries and tender activity  in our markets and our strategy to provide modern, flexible and cost-effective offshore support solutions has again proved successful with this long-term contract win.

“This charter award has further strengthened our business relationship with an important strategic national oil company in the wider MENA region.   We are delighted our client has again recognized the value our vessels bring to intensive well intervention campaigns across multiple locations.”