Offshore tender activity is now “as strong as ever” but heavy staff cuts by clients has created a bottleneck for contract start-ups, according to niche-vessel owner Gulf Marine Services (GMS).
These delays have had a direct impact on GMS, contributing to a small net loss of $4.4m for the Middle Eastern owner in the first half of 2018.
GMS chief executive Duncan Anderson referred to the exceptionally high activity while speaking with TradeWinds just after the release of his company’s first-half numbers this week.
