Gulf Marine services Plc announces receipt of contracts

  • Jan 03, 2020 GMT
  • Team Kalkine
  • The company has received a 7-month contract for a K-class small vessel. The company will perform offshore activities on behalf of a Middle Eastern oil company
  • The company has also received a 12-month contract for a mid-sized S class vessel. The scope of activities remains the same.
  • The utilization of the company’s fleet stands at 73% for 2020. From August 2019, $74 million of new contract backlog has been added.
  • On 3rd January 2020, at the time of writing, at GMT 9:09 AM, GMS shares were trading at GBX 7.22, up by 0.13 points or 1.77% against the previous day closing price.

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