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.
BY KATRINE GRØNVALD RAUN, SHIPPINGWATCH
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.
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