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

September 27, 2022

Credit: GMS (file image)
Credit: GMS (file image)

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.



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