Gulf Marine Services (GMS), a UAE-based provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has announced the award of two contract extensions in the GCC region.
The award of these contract extensions reflects continued highly favorable market conditions and the quality of the company’s fleet, reaffirming GMS’s leading position in the industry and the strong demand for its vessel services.
Along with the 3 other contracts won in the first half of this year, these two contract extensions again support a higher level of utilization and day rates.