Last checked at 
The company, which provides advanced self-propelled self-elevating support vessels to the oil and gas industry, recorded a pretax loss of
Finance expenses, which includes debt modification costs, rose to
Gulf Marine said it is well-placed to capitalise on a recovering market with its modern fleet. It has a secured backlog of
The company has suspended its dividend payment as it believes "cash generated by the business is better utilised for the reduction of bank debt at this time".
Shares in the company were trading 2.7% higher at
