GulfMark News

GulfMark Offshore Awarded Two New Long-Term Vessel Charters

January 25th, 2017 | GulfMark Offshore, Inc.

HOUSTON, Jan. 25, 2017 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF) announced today that it has successfully entered into two new long-term contracts.

The first is a two year plus options contract for the M/V Highland Prince. ASCO Marine Ltd. has chartered the 2010-built Highland Prince, a high specification PSV, equipped with diesel electric, fuel efficient propulsion, dynamic positioning Class 2, and a double hull, clean design vessel, for its operations on the U.K. continental shelf.

The second award is a four year plus options charter for the M/V Highland Defender to support drilling operations on a central North Sea development with a U.K. operator. The Highland Defender, built in 2013, is a state of the art dynamically positioned PSV with oil recovery capability, clean design and the special purpose ship classification.

Quintin Kneen, GulfMark Offshore President and CEO, commented, “We are delighted with these new awards. Multiple long-term contract awards in this challenging market demonstrates the value our customers continue to place on our leading safe, environmentally friendly, and reliable operations.”

Contact: Michael Newman
Investor Relations

GulfMark Offshore, Inc.

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