Gulf Marine Services awarded new contract extensions as debt talks continue

UAE-based lifeboat owner Gulf Marine Services has been awarded two contract extensions for two K-Class vessels totalling 13 months. The extensions are with an EPC contractor in the UAE and increase the company’s fleet utilisation for 2021 to 75%, compared to 66% at the same tine last year. Mansour Al Alami, executive chairman of GMS, …

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