Gulf Marine Services expands its fleet to take on new business, shares 18.25p, SQC TP is 25p

This morning Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, has announced that it has secured a new contract for an additional vessel in the Middle East.

The contract, awarded by a major regional client, spans an initial term including extensions of seven months.

This additional vessel, sourced to meet the demands of this project, will support a range of offshore operations, leveraging its advanced capabilities to deliver tailored solutions for various projects in the region.

Mansour Al Alami, GMS Executive Chairman, commented:

"This award underscores GMS's ability to source and provide customised solutions to our clients and demonstrates our flexibility in meeting current as well as future demand."

SQC Research now puts out a

for GMS, achievable in 2025!