London-listed liftboat operator Gulf Marine Services (GMS) has returned all four of its previously evacuated self-propelled self-elevating liftboats to the Persian Gulf, restoring offshore support capacity under pre-existing contracts, according to the company's announcement.
Background and context
Before the start of the Iran conflict, GMS had four self-propelled, self-elevating liftboats operating in the Persian Gulf. Due to the geopolitical situation, they had been evacuated from the region. The company did not disclose the exact duration of the evacuation but confirmed on June 16, 2026, that all four vessels have successfully returned to hire on the same contracts they held previously.
Operational impact and vessel return
The return of the four liftboats restores GMS's full fleet presence in the Persian Gulf, a critical area for offshore oil and gas operations. The vessels are now back on the same contracts, meaning no change in pricing or terms occurred during the rehiring process, according to the source. The table below summarises the vessel status:
| Vessel Status | Before Evacuation | After Return |
|---|---|---|
| Number of vessels | 4 | 4 (all returned) |
| Contract status | Active in Gulf | Same contracts resumed |
| Vessel type | Self-propelled, self-elevating liftboats | Self-propelled, self-elevating liftboats |
| Region | Persian Gulf | Persian Gulf |
GMS's executive chairman Mansour Al Alami commented on the development: “The swift and safe return of all four vessels is a testament to the professionalism of our crews and the strength of our client relationships, which have remained robust throughout this period.”
Financial guidance and forward outlook
GMS is maintaining its adjusted EBITDA guidance for 2026 in the range of $105m to $115m, but continues to assess the final financial impact of the disruption through ongoing discussions with its clients, as stated in the announcement. The company believes it is “well-positioned to capitalise on the strong demand environment across the Gulf,” according to Al Alami.
For freight forwarders, logistics managers, and offshore supply chain operators in the Persian Gulf, the return of these liftboats means restored capacity for offshore maintenance, accommodation, and support services. The vessels are now available under the same contractual terms, which may help stabilise planning for oil and gas projects in the region. However, the final financial impact on GMS remains under discussion with clients, and operators should monitor any potential rate adjustments or contractual changes that may emerge from these ongoing negotiations.
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