gulf marine services said tuesday that paidinkind interest on its bank loan has stopped to accrue as of the second quarter and so its financing charges will fall by 340 basis points the provider of vessels for the energy industry said the interest stopped to accrue because its net leverage dropped below a ratio of four to one we are delighted to make this announcement that confirms that our continuous commitment to deleverage is successful in moving value from lenders to shareholders executive chairman mansour al alami said reaching this milestone will enable us to better face all other challenges while continuing our deleveraging journey shares at 0723 gmt were up 03 pence or 42 at 75 pence