Oil & gas support vessels operator Gulf Marine Services PLC said it has seen good levels of tender activity, but is experiencing delays in contract awards and commencement dates, which will affect its financial performance for 2017.

Two new contracts for self-propelled self-elevating support vessels in the Middle East and North Africa region are well-advanced, and the group expects the contracts to commence at the end of the first quarter of 2018.

A contract extension for one of Gulf Marine’s mid-size class vessels in the MENA region has been extended to the end of 2017, and another contract for a small class vessel in the same region has been extended to the end of the first quarter of 2018.


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