IN BRIEF: Gulf Marine Services shares rise as wins new contract

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Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector - Secures a contract for one of its large-class vessels in the Gulf Cooperation Council region. The contract spans 142 days and will see the vessel support ‘critical offshore operations’ for the unnamed client. Gulf Marine Services adds: ‘The addition of this contract represents the company’s fourth contract win or extension already this year, which reflects the strength of demand in the market for the company’s vessels.’

Current stock price: 16.03 pence per share, up 5.8% on Tuesday morning in London

12-month change: down 27%

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