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.
The contract is due to start in Q2 2023.
Mansour Al Alami GMS Executive Chairman, said: "This contract award reflects the increasing demand for vessels and improved day rates for which GMS remains well positioned to take advantage of going forward."
Financial details were not disclosed.