Vessel gig’s next stage pushes GMS’ backlog to $431.2 million

UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has sealed the second phase of a multi-year contract for one of its vessels in the Middle East.

According to the UAE player, a second part of the four-year contract for one of its vessels operating in the Middle East has been inked. This follows the deal for the first phase penned in March when the firm shared that it received a letter of award for the second phase.

While the names of the client or the vessel have not been disclosed, the company shared that its backlog amounts to $431.2 million as of June 1, 2024.

GMS Executive Chairman, Mansour Al Alami, noted: “The signing of the second phase of this contract reaffirms the strong demand for our vessels and the trust our clients place in GMS. This continuation not only strengthens our backlog, but also positions us well to achieve our strategic goals and drive shareholder value.”

In December, GMS handed out work to Ocean Oilfield Integrated Solutions to upgrade two jack-up barges from its 13-strong fleet, the 2007-built GMS Kawawa and the 2015-built GMS Scirocco. Both are self-propelled self-elevating accommodation jack-up barges, the former a K-Class and the latter an S-Class vessel.