Gulf Marine Services PLC provided earnings guidance for the year 2016. For the year, the company currently expects EBITDA to be 15% to 20% lower than in 2015 and earnings per share (reflecting the increased depreciation charge for the enlarged fleet) to be approximately 25% to 30% lower company expects net debt to peak at approximately $435 million during 2016, before reducing to around $425 million by year end with further deleveraging in 2017 following the completion of the build programme in 2016.