Bourbon books huge loss on sale of 41 vessels

French offshore carrier Bourbon is restructuring and splitting into three affiliate companies. The company will sell 41 ships at the "current market price" triggering an expected impairment loss of around EUR 170 million.

Photo: PR-foto: Bourbon

With ambitions of being able to compete in a challenging offshore market and meet customers' demand, Bourbon Corporation has now announced a new plan of action which includes splitting its activities and selling 41 older offshore vessels, informs the French offshore carrier in a press release.

And the sale of vessels is expected to trigger an impairment loss of about EUR 170 million, which will be reflected in the 2017 results, to be published in March.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted joins the lottery for Thor

The regional director for Europe confirms that the company was among the bidders who are prepared to pay the state treasury to set up the 1,000MW offshore wind farm Thor.

Further reading

Related articles

Latest News

See all jobs