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IN BRIEF: Gulf Marine Services lengthens contract for another vessel

5th Jan 2026 10:58

Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - Gets a two-year contract extension for another of its mid-sized vessels in the Gulf region. Gulf Marine Services doesn't name the customer or provide financial details, but it says the latest deal is for a separate contract and different vessel than the one it announced last week. Like that one, the new contract extension is for one firm year, plus a one-year option. Last week, Gulf Marine Services said its contract backlog is USD607 million.

Current stock price: 19.00 pence, up 0.7% in London on Monday

12-month change: up 21%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


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