News - Offshore Division
PARIS, August 31, 2010 /PRNewswire-FirstCall/ -- - Gross Operating Income (EBITDA) Steady at 168.5 Million Euros - Net Income Group Share Totals 41 Million Euros in the First Half of 2010 "BOURBON's activity is focused on offshore oil and gas marine services, and we have expanded our fleet rapidly, taking delivery of one supply vessel every 12 days.
PARIS, August 9, 2010 /PRNewswire-FirstCall/ -- - Second Quarter 2010 Revenues: +11.2% - Second Quarter 2010 Offshore Revenues: +4.5% "The Offshore Division's activity in the second quarter confirmed the trend that had started to emerge at the end of 2009, characterized by the utilization rate for BOURBON's fleet of vessels maintained at around 80% with no significant improvement in daily rates" commented Jacques de Chateauvieux, Chairman & Chief Executive Officer of BOURBON. "Not surprisingly, that means a slower rise in revenues than the increase in the number of vessels available for operations, with a consequent reduction in the EBITDA margin, and, allowing for the increase in amortization, a significant, even though temporary, impact on the Division's operating income (EBIT).
PARIS, March 17, 2010 /PRNewswire-FirstCall/ -- - EBITDA Excluding Capital Gains up 9.4% - Net Income, Group Share of EUR155.4m "The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year," says Jacques de Chateauvieux, Chairman & Chief Executive Officer of BOURBON.
PARIS, November 9 /PRNewswire-FirstCall/ -- - Satisfactory Growth (+16.6%) for Offshore Activity in the 3rd Quarter Reflecting the High Vessel-Utilization Rate - BOURBON Revenues up 3.1% Compared With 3rd Quarter 2008, at 246.8 Million Euros "In an uncertain and deteriorated offshore market, BOURBON has stood out from the field because of the new Bourbon Liberty vessels - clients really appreciate them for their quality and positive impact on costs," says Jacques de Chateauvieux, Chairman and Chief Executive Officer of BOURBON.
PARIS, August 10 /PRNewswire-FirstCall/ -- Jacques de Chateauvieux, Chairman and Chief Executive of BOURBON, said, "the oil industry is looking to control capital expenditure and operating costs and this has led to an oil services market that is temporarily dominated by short term contracts and a reduction in usage and pricing.
