Gulf Marine Services shares rise as announces new contract award
Gulf Marine Services PLC on Thursday announced a four-year charter for one of its self-elevating accommodation units, to be deployed offshore Brazil.
The London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry said the contract was signed with an international offshore accommodation services provider, and builds on its entry into Latin America in May.
The vessel is scheduled to be delivered in Rio de Janeiro between August and November.
Executive Chair Mansour Al Alami said: "This four-year charter secures long-term utilization for one of our newest vessels and strengthens our growing presence in Latin America. It reflects strong global demand for high-quality self-elevating units and validates our strategy of diversifying into new markets. We look forward to supporting our client's operations in Brazil safely and efficiently over the coming years."
Gulf Marine shares closed 6.4% higher at 19.36 pence each on Thursday in London.
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