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Gulf Marine Services (GMS) Share News

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IN BRIEF: Gulf Marine Services inks contracts for small class vessels

8th Jan 2024 11:06

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

IN BRIEF: Gulf Marine Services ups full year outlook

6th Nov 2023 11:19

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

Gulf Marine Services shares jump on three contract awards

1st Nov 2023 10:04

(Alliance News) - Gulf Marine Services PLC shares rose on Wednesday, after it announced two contract extensions and one new deal. Read More

EARNINGS SUMMARY: Gulf Keystone swings to loss; Gulf Marine optimistic

31st Aug 2023 17:40

(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

TRADING UPDATES: Andrada raises GBP7.7 million; Ixico signs contract

18th Jul 2023 16:55

(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

Gulf Marine extends two contracts in Gulf Cooperation Council region

12th Jun 2023 10:38

(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

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

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