Gulf Marine extends offshore mining deal, reflects "continued demand"
21st Jan 2025 12:05
(Alliance News) - Gulf Marine Services PLC on Tuesday reported a 171-day extension to an offshore mining deal with an unnamed contractor. Read More
(Alliance News) - Gulf Marine Services PLC on Tuesday reported a 171-day extension to an offshore mining deal with an unnamed contractor. Read More
Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector - Says it has now successfully completed the refinance of its debt, following on from its initial announcement in August. The firm said in August it had reached a deal with First Abu Dhabi Bank, Commercial Bank of Dubai and HSBC Bank, all of which have an equal participation in the company's USD250 million term loan and working capital facility, to refinance the group's current bank debt. Read More
Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector - Wins a new contract for an undisclosed value for one of its vessels operating in the Middle East. Executive Chair Mansour Al Alami says: "We are delighted to have secured this contract at an improved day rate for one of our small-class vessels. This confirms the continuous demand for all the vessel classes we operate." Read More
(Alliance News) - Gulf Marine Services PLC on Thursday announced it has won a new long-term contract in Europe and has extended two existing contracts in the Middle East. Read More
Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector - Announces a new long-term contract, in the Gulf Cooperation Council region, for one of its support vessels spanning five years with an option to extend. The contract takes the company's backlog to USD464 million. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News: Read More
Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for offshore oil, gas and renewable energy projects - Seafox International Ltd trims its stake in Gulf Marine Services. Seafox sells 51.1 million shares, a 4.8% stake, for GBP8.7 million. The stake was sold in a placing. Following the disposal, it owns just under a 24% stake in GMS. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for offshore oil, gas and renewable energy projects - Signs second phase of four-year contract announced in March. The contract with an unnamed customer is for one of GMS's vessels operating in the Middle East. Says order backlog now totals USD431.2 million. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Gulf Marine Services PLC on Thursday reported double-digit earnings growth in 2023, and it set out its lofty 2024 guidance. Read More
(Alliance News) - Gulf Marine Services PLC said it has signed the first of a two phase, four-year, contract for one of its vessels operating in the Middle East. Read More
(Alliance News) - Gulf Marine Services PLC on Wednesday said it extended a contract for one of its vessels which is currently operating in the Middle East, alongside receiving a letter of award for a separate vessel in the region. Read More
(Alliance News) - Gulf Marine Services PLC on Wednesday updated its guidance for 2023, saying it now expects to report higher earnings than originally expected. Read More
Gulf Marine Services PLC - Provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors - Announces contract extension for one small class vessel and a new contract for another small class vessel. Says that both the extension and the new contract are for vessels in the Gulf Cooperation Council. The contract extension, surpassing the initially issued duration, is for a period of an additional 176 days. The new contract is for a total duration of 210 days. Read More
Gulf Marine Services PLC - London-based provider of self-propelled and self-elevating support vessels, to customers in the oil, gas, and renewables sectors - Lifts annual outlook. Now expects earnings before interest, tax, depreciation and amortisation in the range of USD83 million to USD86 million for 2023, lifted from its previous USD77 million to USD85 million outlook. "Given significant improvement in backlog visibility and market outlook evidenced in the recently announced contract awards, alongside future opportunities we're bidding for, we are confident to increase our market guidance for 2023 and to provide an even higher initial guidance for 2024," it says. For 2024, it predicts an Ebitda in the range of USD87 million to USD95 million. Read More
(Alliance News) - Gulf Marine Services PLC shares rose on Wednesday, after it announced two contract extensions and one new deal. Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Gulf Marine Services PLC on Monday said it won two contract extensions in the Gulf Cooperation Council region, which it said reflected "highly favourable" market and the quality of its fleets. Read More