Bourbon Offshore hit by huge, new loss

Bourbon Offshore's operating deficit grew in step with the oil industry's lacking investments in the first half year. Despite a small improvement in offshore, the prices will remain strained, expects the carrier.

Photo: PR-foto: Bourbon

Offshore carrier Bourbon has taken several hits during the crisis, and the carrier's operating loss grew in the first half of 2017 to a deficit of EUR 90.8 million against EUR 28.3 million in the same period last year, shows the report published Thursday.

Net earnings were under pressure with a EUR 170.4 million deficit compared with EUR 87.3 million in the first half of 2016. A EUR 50 million currency loss over the period was a key factor, writes the carrier.

CEO Jacques de Chateauvieux does not give a prediction for when the downturn in the offshore market will end, but stresses in the report that the company will fight to withstand challenges.

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