TIDMGMS
Gulf Marine Services PLC
06 September 2021
6 September 2021
Gulf Marine Services PLC
('Gulf Marine Services', 'GMS', 'the Company' or 'the
Group')
New Software Solution to Support Client Offers and Improve
Operational Efficiency
GMS, a leading provider of advanced self-propelled,
self-elevating support vessels serving the offshore oil, gas and
renewables industries, is pleased to announce it has signed a
contract with Lloyd's Register for the installation of a new
Enterprise Resource Planning (ERP) system, which will provide the
company with a central, cloud-based single source of truth and
applications that are optimised for the different departments to
increase collaboration and streamline processes.
The Hanseaticsoft Cloud Fleet Manager (CFM) software solution,
part of the newly launched Lloyd's Register Maritime Performance
Services (MPS) portfolio, will provide GMS with a seamless,
interconnected system across the company's operations. Through this
new system, GMS has the ability to upgrade internal procedures,
including the current manual system for crew and inventory
management, which will enable significant improvements in
efficiency, and reduce the company's exposure to possible system
errors.
The new CFM software solution will integrate vessel operations,
maintenance, procurement and inventory control, alongside crew and
payroll management, among other areas of operation. The
centralisation of this data will allow for better visibility and
free up time to support operations and client service.
GMS chose CFM after an extensive review and tender process. CFM
is a cloud-based, all-in-one software solution that provides
worldwide access to a uniform knowledge base. The system offers
tailored apps covering different areas of operation to support
better problem identification and management. As it is Software as
a Service (SaaS) based, the system is easily integrated and
flexible. There is no need for costly additional hardware
installations or IT-staff to take care of maintenance and
administration.
Lloyd's Register's Hanseaticsoft team will also work with the
GMS team to support the system's implementation, including setting
up data inputs. It is expected that the system will be fully
integrated and running in Q4 of this year.
Commenting, Mansour Al Alami, Executive Chairman of GMS,
said:
"The integration of this new software solution represents
another efficiency improving step by GMS, which further enhances
our client offering. This new system will also support the
Company's ongoing drive to manage costs and improve governance by
integrating Human Resources, Supply Chain management and Planned
Maintenance into one transparent system.
"With utilisation and the contracted backlog of the Company's
vessels continuing to grow, driven by improving market conditions,
combined with the strength of the GMS fleet, the new solution will
be an invaluable tool to allow us to continue to provide a
best-in-class service, while undertaking safe operations and
helping to further reduce our environmental footprint".
Andy McKeran, Lloyd's Register Maritime Performance Services
Director, said:
" We're delighted to have been selected by GMS. We look forward
to supporting their journey towards efficiency, improving
collaboration and streamlining processes across the business. Our
Cloud Fleet Manager software offers a single, cloud-based source of
truth for 'their' employees, as well as the crews at sea and
external partners. It centralises all their information and
drastically reduces the effort to manage their operations. We
remain committed to providing solutions that answer our client's
challenges and to become a trusted advisor to ensure that our
clients' can operate efficiently."
Alexander Buchmann, CEO of Hanseaticsoft, added:
"It is great to see the steadily increasing number of shipping
companies that are making use of the many benefits that the
digitalisation of processes has to offer. By choosing CFM to manage
their fleet and optimise tasks, GMS is leading the way and
highlights its dedication to drive the digitalisation in the
maritime industry."
-S-
Enquiries: Tel: +44 (0)20 7603 1515
Gulf Marine Services
PLC
Mansour Al Alami, Executive
Chairman
Celicourt Communications Tel: +44 (0) 208 434 2643
Mark Antelme
Philip Dennis
Notes to Editors:
Gulf Marine Services PLC, a company listed on the London Stock
Exchange, was founded in Abu Dhabi in 1977 and has become a world
leading provider of advanced self-propelled self-elevating support
vessels (SESVs). The fleet serves the oil, gas and renewable energy
industries from its offices in the United Arab Emirates, Saudi
Arabia and Qatar. The Group's assets are capable of serving
clients' requirements across the globe, including those in the
Middle East, South East Asia, West Africa, North America, the Gulf
of Mexico and Europe.
The GMS fleet of 13 SESVs is amongst the youngest in the
industry, with an average age of eight years. The vessels support
GMS's clients in a broad range of offshore oil and gas platform
refurbishment and maintenance activities, well intervention work
and offshore wind turbine maintenance work (which are opex-led
activities), as well as offshore oil and gas platform installation
and decommissioning and offshore wind turbine installation (which
are capex-led activities).
The SESVs are categorised by size - K-Class (Small), S-Class
(Mid) and E-Class (Large) - with these capable of operating in
water depths of 45m to 80m depending on leg length. The vessels are
four-legged and are self-propelled, which means they do not require
tugs or similar support vessels for moves between locations in the
field; this makes them significantly more cost-effective and
time-efficient than conventional offshore support vessels without
self-propulsion. They have a large deck space, crane capacity and
accommodation facilities (for up to 300 people) that can be adapted
to the requirements of the Group's clients.
Evolution Cantilever Capability
GMS Evolution and her cantilever work over system has been
designed and built to enable heavier work over scopes from a
self-propelled jack up barge. The optimised design enables
execution of Heavy Well Intervention (HWI) benefitting from the
efficiencies of our 4-Legged self-propelled jack up barges provide.
The type of HWI work that can be carried out include:
Electrical Submersible Pump (ESP) change out
-- Plug and abandonment:
-- Re-completion
-- Side-tracks
-- Slot Recovery
-- Work Overs
-- Coil Tubing
And the benefits include:
-- Significant time savings moving between locations resulting
in workover programmes being completed significantly quicker
therefore allowing clients to maximise production levels
-- No requirement to hire tugs to assist with drilling rig moves
Gulf Marine Services PLC's Legal Entity Identifier is
213800IGS2QE89SAJF77
www.gmsuae.com
About Hanseaticsoft
Hanseaticsoft was founded in 2009 by Alexander Buchmann.
Buchmann and his team draw on several years of experience in the
software department of a medium-sized shipping company in Hamburg,
the third largest container harbour in Europe. In Hanseaticsoft,
the idea of a new software concept was finally realised: giving
enterprises access to new and efficient technologies by means of
intuitive software solutions. Today Hanseaticsoft has more than 60
employees. It is now part of Lloyd's Register Group, one of the
world's leading providers of professional services for engineering
and technology - improving safety and increasing the performance of
critical infrastructures for clients in over 75 countries
worldwide. For further information, visit www.hanseaticsoft.com
.
Disclaimer
The content of the Gulf Marine Services PLC website should not
be considered to form a part of or be incorporated into this
announcement.
Cautionary Statement
This announcement includes statements that are forward-looking
in nature. All statements other than statements of historical fact
are capable of interpretation as forward-looking statements. These
statements may generally, but not always, be identified by the use
of words such as 'will', 'should', 'could', 'estimate', 'goals',
'outlook', 'probably', 'project', 'risks', 'schedule', 'seek',
'target', 'expects', 'is expected to', 'aims', 'may', 'objective',
'is likely to', 'intends', 'believes', 'anticipates', 'plans', 'we
see' or similar expressions. By their nature these forward-looking
statements involve numerous assumptions, risks and uncertainties,
both general and specific, as they relate to events and depend on
circumstances that might occur in the future.
Accordingly, the actual results, operations, performance or
achievements of the Company and its subsidiaries may be materially
different from any future results, operations, performance or
achievements expressed or implied by such forward-looking
statements, due to known and unknown risks, uncertainties and other
factors. Neither Gulf Marine Services PLC nor any of its
subsidiaries undertake any obligation to publicly update or revise
any forward-looking statement as a result of new information,
future events or other information. No part of this announcement
constitutes, or shall be taken to constitute, an invitation or
inducement to invest the Company or any other entity and must not
be relied upon in any way in connection with any investment
decision. All written and oral forward-looking statements
attributable to the Company or to persons acting on the Company's
behalf are expressly qualified in their entirety by the cautionary
statements referred to above.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAUNRRRAVUKRAR
(END) Dow Jones Newswires
September 06, 2021 06:09 ET (10:09 GMT)
Gulf Marine Services (LSE:GMS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gulf Marine Services (LSE:GMS)
Historical Stock Chart
From Apr 2023 to Apr 2024