Gulf Marine Services gets extensions for vessel duo

London-listed liftboat operator Gulf Marine Services (GMS) has won extensions for two of its vessels.

The company said that the extensions were for three years and that the client, although unnamed, was a major national oil company in the Middle East. Financial details were not disclosed.

The extensions were secured at enhanced rates and are built on an existing agreement. With these extensions, GMS’ secured backlog now stands at $558m.

“This contract extension highlights the robust and ongoing demand for our vessels in the region, driving consistently high utilisation rates across our fleet,” said Mansour Al Alami, GMS executive chairman.

This is the second contract extension won by the company in 2025. The liftboat operator won a 171-day contract extension for one of its vessels operating in the Gulf Cooperation Council region in late January.