GMS float to fund wind vessels

Endeavour is one of GMS’s two “E-class” jack-up barges

Endeavour is one of GMS’s two “E-class” jack-up barges

Abu Dhabi-based Gulf Marine Services (GMS) intends to float new shares on the London Stock Exchange, in part to fund new vessels which will target installation and maintenance work in the European offshore wind sector.

GMS’s largest role in the industry to date was the turbine installation work its jack-up vessel Endeavour performed for Statoil and Statkraft’s 317MW Sheringham Shoal project during 2011-2012.

Endeavour is one of GMS’s two “E-class” jack-up barges – the largest models in its fleet of seven wholly-owned vessels, and the most relevant to offshore wind – with a third under construction and expected to enter operation later this year, and a fourth in 2016.

Endeavour and her sister ship the Endurance have 230-tonne cranes and can operate in water depths up to 65 metres, while GMS’s new E-class vessel Log in to read complete article.

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