Gulf Marine Services PLC (GMS) · 2026-10-20
Gulf Marine Services grew adjusted revenue by 10% to US$151.8 million in the nine months to 30 September 2026, but adjusted EBITDA was flat at US$81.5 million as utilisation fell amid Gulf disruption and planned vessel preparation, alongside estimated lost revenue and higher insurance costs. Higher day rates and a newly acquired Latin American vessel supported trading, while backlog increased.
Gulf Marine Services PLC (GMS) · 2026-09-03
Gulf Marine Services has received confirmation that a major National Oil Company customer will exercise a one-year option for a Small-class vessel operating in the GCC region. The extension keeps all existing terms and conditions unchanged.
Gulf Marine Services PLC (GMS) · 2026-08-17
Gulf Marine Services has secured a 183-day extension for a small-class vessel from a major Middle Eastern National Oil Company, with two further three-month options. The vessel will continue supporting offshore maintenance operations without interruption, and current backlog is USD 659 million.
Gulf Marine Services (GMS) · 2026-08-04
Gulf Marine Services converted its US$37.4m vessel-acquisition bridge loan into a five-year loan, without increasing overall indebtedness.
Gulf Marine Services (GMS) · 2026-07-16
Gulf Marine Services has announced a four-year charter for one of its self-elevating accommodation units to be deployed offshore Brazil. The contract comprises 1,461 days of firm charter and builds on its entry into Latin America.
Gulf Marine Services PLC (GMS) · 2026-06-16
Gulf Marine Services said all vessels evacuated from one Gulf country have returned to hire on the same contracts. It maintained 2026 adjusted EBITDA guidance at USD 105 million to USD 115 million while assessing the disruption's financial impact.