Bourbon Offshore must choose between two rescue plans

One of the world's largest offshore shipping companies, France's Bourbon Offshore, has received two different offers to rescue the crisis-stricken and debt-plagued company. But the board is not at this point able to decide which is best, and one offer is set to expire already a week from now.

by TOMAS KRISTIANSEN

French debt-ridden offshore shipping company Bourbon Offshore has, after a protracted process, received two concrete offers, each aimed at saving the company, which – like many of its competitors – has been knocked to the ground by the sliding oil prices.

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An offshore vessel costs less than half a million USD
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Bourbon Offshore expects low rates to continue
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Bourbon Offshore expects low rates into 2019
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