Gms News


GMS Nets Offshore Wind Gig in France

Jan 24, 2023

UAE-based GMS, a provider of self-propelled jack-up units serving the offshore oil, gas, and renewables industries, has won a contract in France.The company said Monday it had signed a contract to provide support for the construction and development of a major offshore wind farm in France…

GMS Secures 6-year Deal in Offshore Wind Space

Nov 15, 2022

GMS, a UAE-based owner of self-propelled, self-elevating support vessels for the offshore energy industry, said Tuesday it had received notification of the award of a new 6-year contract for one of its large class vessels in Europe. 'The contract…

GMS Wins Contracts for Three Jack-ups at 'Improved' Day Rates

Nov 03, 2022

GMS, a UAE-based owner of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has secured two new contracts and a contract extension. One of the new contracts is for a large-class vessel, while the other is for a small-class vessel…

GMS Secures Work for Two Self Propelled Jack-ups

Sep 29, 2022

GMS, a UAE-based owner of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Thursday it had secured a new contract.The company said Thursday that the contract was at improved rates…

GMS Nets 22-Month Contract for One of Its Jack-up Units

Sep 27, 2022

GMS, a UAE-based provider of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Tuesday it had secured a new contract.The 22-month contract is for an E-Class vessel with an unnamed EPC client in the MENA region…

Gulf Marine Services Nets Two-year Contract for K-Class Jack-up

Apr 29, 2022

Gulf Marine Services, a provider of jack-up support vessels for the global energy industry, said Friday it had won a two-year contract for one of its K-Class (smaller) vessels.The contract with an unnamed National Oil Company in the MENA region…

Gulf Marine Services Appoints New CFO

Feb 07, 2022

Gulf Marine Services (GMS), a company providing jack-up service vessels for the offshore oil, gas, and renewables industries, has appointed Alex Aclimandos as its Chief Financial Officer.' Alex brings with him a wealth of progressive international…

GMS Bags Two Deals for E-Class Jack-ups

Dec 21, 2021

GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…

Improved Dayrates: GMS Scores Extensions for Two Jack-ups

Nov 12, 2021

GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industry, has won two contract extensions for its jack-ups.GMS said Thursday the contracts were for a K and S Class vessel and on improved dayrates.'The…

GMS Bags Work for Two Jack-ups

Oct 21, 2021

GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industries has secured a 12-month or an E Class vessel with an unamed engineering, procurement and construction cliane in the MENA region.The contract is due to start at the end of December 2021…

Gulf Marine Services Taps LR for Software Solution to Boost Efficiency

Sep 08, 2021

UAE-based Gulf Marine Services (GMS), a company providing jack-up service vessels for the offshore oil, gas, and renewables industries, has hired Lloyd's Register for the installation of a new Enterprise Resource Planning (ERP) system.GMS said the system would provide its with a central…

Gulf Marine Services Bags MENA Deal for K-Class Jack-Up

May 04, 2021

Gulf Marine Services (GMS), a company providing self-propelled jack-up support vessels serving the offshore oil, gas, and renewables industries, has won a 9-month contract for a K-Class jack-up unit in the MENA region.The UAE-based company said…

Ship Recycling: Ship Scrap Prices Soar to Nearly $500/ton During the Pandemic

Apr 15, 2021

Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland…

Gulf Marine Services Strikes New Debt Deal with Banks

Apr 01, 2021

Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan.'Under the revised agreement…

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