Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins new contract for an E Class vessel with an unnamed client in the Middle East and North Africa region. The contract is due to start in the second quarter of 2023, with a duration of 22 months.

Executive Chair Mansour Al Alami says: ‘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.’

Current stock price: 6.18 pence, up 6.6% on Tuesday

12-month change: up 69%

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