Bourbon Offshore expects low rates to continue

France's Bourbon Offshore faced declining revenues in a market characterized by continuing low rates and an oversupply of offshore vessels. The company is currently carrying out an extensive cost reduction initiative.

Photo: PR-foto: Bourbon

Bourbon Offshore, one of the world's largest offshore shipping companies, is still fighting a market with too many vessels and low rates.

The French carrier's revenue dropped to EUR 173.5 million from EUR 204.3 in the same period last year, shows the company's interim report.

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