The many players in the offshore industry are not seeing any improvement, and this also extends to French carrier Bourbon, who is among the world's largest offshore carriers. In the first quarter, Bourbon reported revenue of EUR 314.5 million against EUR 383.6 million in the same period for 2015, according to the first quarterly report. An 18 percent setback.
In the quarter, fleet utilization decreased to 69.5 percent from 79.1 percent in the first quarter of 2015, while the average daily rate sat at USD 10,324, around USD 2,000 less than last year.
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