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englishBourbon to add 150 vessels to fleet
thursday 8 Jul 2010
French offshore giant, Bourbon, is launching a US$2 billion new building program adding nearly 150 extra vessels to its fleet to renew its old and obsolete continental offshore fleet and meet demand in deepwater.
By adding 80 supply vessels and 64 crewboats Bourbon will be operating a fleet of 600 vessels for deepwater and shallow water logistics services by 2015.
This new investment financing will come from EUR500 million (US$630 million) from the sale of 16 Bourbon supramaxes, a reduction in instalments paid on vessels under construction (75 percent of the vessel price being paid on delivery) and a US$400 million 12-year loan from China Exim Bank.
Bourbon turned a profit of EUR213.1 million (US$269 million) in 2009, of which EUR193.9 (US$245 million) came from its offshore wing.
Source: http://www.bairdmaritime.com/
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