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Gulf Marine Services (GMS) Share News

IN BRIEF: Gulf Marine Services says 45% vote against chair as director

7th Jun 2023 14:33

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Notes that 45% of shares cast at AGM vote against the re-appointment of Chair Mansour Al Alami as director of company. Further, 49% shares cast vote against authorising the allotment of shares and over 50% of shares cast vote against disapplying pre-emption rights in connection with a rights issue. The special resolution regarding the disapplication of pre-emption rights is the only one resolution that does not pass. It needed 75% approval. Read More

Gulf Marine revenue rises; expects improved performance in 2023

24th Apr 2023 12:20

(Alliance News) - Gulf Marine Services PLC on Monday said revenue was up in 2022, boosted by higher vessel rates, as it expects continued improvement on day rates in 2023. Read More

IN BRIEF: Gulf Marine Services receives two contracts for vessel

29th Mar 2023 11:03

Gulf Marine Services PLC - provides self‐propelled, self‐elevating support vessels for the offshore oil, gas and renewables industries - Announces award of two new contracts for one of its small class vessels in the Gulf Cooperation Council region. Says the daily rates secured for these contracts reflect strong demand for our vessels. The first contract will begin at the end of the first quarter, while the second contract will begin at the start of the third quarter. Says both contracts will span a cumulative period of 272 days. Read More

IN BRIEF: Gulf Marine Services to develop French offshore wind farm

23rd Jan 2023 11:08

Gulf Marine Services PLC - provides self‐propelled, self‐elevating support vessels for offshore oil, gas and renewables industries - Signs contract to provide support for the construction and development of a major offshore wind farm in France. Contract is due to complete in the first quarter of 2023. Executive Chair Mansour Al Alami says: "We are pleased to be awarded this contract, which is a further reflection of the strong demand for our vessels. This contract also reflects our long-term commitment to the renewable energy sector, as earlier announcements confirmed our commitment towards the oil and gas sector." Read More

Gulf Marine Services shares down as client hit with bankruptcy

13th Jan 2023 10:03

(Alliance News) - Gulf Marine Services PLC shares were down on Friday, after it said it might need to adjust its 2022 guidance as its client World Marine Offshore AS has filed for bankruptcy. Read More

Gulf Marine Services performs in line with full-year expectations

10th Jan 2023 11:26

(Alliance News) - Gulf Marine Services PLC on Tuesday said it expects earnings for 2022 to be in line with expectations. Read More

TRADING UPDATES: MGC cuts costs; Ince gets Arden sale green light

3rd Jan 2023 17:17

(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

IN BRIEF: Gulf Marine says annual earnings to be within guidance range

9th Dec 2022 13:30

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Expects earnings before interest, tax, depreciation and amortisation for 2022 to be between USD70 million to USD72 million, which is within the previous given guidance range. Says vessel utilisation is projected to be 87%, up from 85% in 2021. Gulf Marine says "the increase in utilization is despite some unfavourable weather conditions and options on contracts not having been exercised". Read More

TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition

15th Nov 2022 21:23

(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

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

3rd Nov 2022 18:18

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: H&T plans raise; Joules turnaround continues

29th Sep 2022 22:08

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Gulf Marine shares up on new contract win

27th Sep 2022 13:11

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins new contract for an E Class vessel with an unnamed client in the Middle East and North Africa region. The contract is due to start in the second quarter of 2023, with a duration of 22 months. Read More

EARNINGS SUMMARY: Steppe profits via pricing; Gulf Marine profit soars

26th Sep 2022 15:02

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

Gulf Marine Services swings to annual profit as vessel demand surges

13th May 2022 09:31

(Alliance News) - Gulf Marine Services PLC on Friday said it swung to an annual profit last year, as demand for its vessels surged. Read More

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

29th Apr 2022 21:39

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Gulf Marine Services wins contract with national oil company

17th Feb 2022 12:15

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins a seven-month contract for one of its K class smaller vessels with an unnamed national oil company in the Middle East & north Africa region. Read More

EXECUTIVE CHANGES: New CFOs for Gulf Marine, nanosynth and Pioneer

7th Feb 2022 16:02

EXECUTIVE CHANGES: New CFOs for Gulf Marine, nanosynth and Pioneer Read More

IN BRIEF: Gulf Marine Services expects rise in earnings for 2021

24th Jan 2022 16:07

IN BRIEF: Gulf Marine Services expects rise in earnings for 2021 Read More

IN BRIEF: Gulf Marine shares rise after two new contracts wins

21st Dec 2021 14:39

IN BRIEF: Gulf Marine shares rise after two new contracts wins Read More

TRADING UPDATES: Avation sells Airbus jet; Mode Global's bitcoin deal

11th Nov 2021 18:36

TRADING UPDATES: Avation sells Airbus jet; Mode Global's bitcoin deal Read More

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