Search Share Prices
Gulf Marine Services wins two-year vessel contract
Advanced self-propelled self-elevating support vessels provider Gulf Marine Services announced a new long-term contract award for one of its mid-size class vessels on Tuesday.
The London-listed company said the new charter was for two years, including options, and was scheduled to begin "shortly".
It said the vessel would be supporting well intervention activities for an unnamed national oil company in the Middle East-North Africa (MENA) region.
"As we recently reported, we are seeing increasing levels of enquiries 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," said Gulf Marine CEO Duncan Anderson.
"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 recognised the value our vessels bring to intensive well intervention campaigns across multiple locations."