Timing may not be everything in the corporate turnaround business but it certainly has not hurt that Mansour Al Alami’s first year as executive chairman of London-listed, Abu Dhabi-based Gulf Marine Services (GMS) has coincided with an oil and gas industry rebound.

Al Alami took the helm at GMS last November, when the world economy was still reeling from Covid-19 lockdowns and the company, which owns and operates a fleet of self-propelled liftboats, had spent the previous months restructuring debt and fending off a takeover bid.