GMS Executive Chairman Mansour Al Alami expressed satisfaction with the continuous demand for their vessels, emphasizing the importance of high utilization in a competitive market. The company’s current backlog stands at $503 million, more than three times the revenue generated in 2023.
Recently, GMS has been active in securing several contracts, including a new long-term deal in Europe, contract extensions in the Middle East, and another long-term agreement in the GCC region.