Gulf Marine Services provides operational and trading update (Scandinavian Oil-Gas Magazine)

Gulf Marine Services provides operational and trading update

Published Nov 12, 2015

Gulf Marine Services publishes its Operational and Trading Update for the period 1 July 2015 to 1 November 2015.

GMS' robust performance has continued with high utilization across the SESV fleet of 98% up to the end of Q3 2015 and charter day rates being maintained at around previous levels.

The current secured backlog (as shown in the table below) of $615.9 million (1 November 2014: $547 million; 1 August 2015 $664 million) provides good visibility on future earnings.

Tags: Gulf Marine Services

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