Bourbon Q1 Sales Increase

Friday, May 09, 2008

Bourbon SA said sales jumped 21.4 percent to 211.7 million euros in the first quarter from 174.4 million a year ago, equal to 34.5 percent growth at constant exchange rates, spurred by sharp increases at both its main divisions, offshore and bulk.
In the offshore business, sales climbed 23.4 percent to 136.8 million euros from 110.8 million in the year earlier period, amounting to a 34.7 percent improvement at constant exchange rates.
The bulk operations achieved a 30.3 percent sales increase, to 65.6 million euros from 50.4 million. With steady currency values sales would have surged 48.9 percent.
The market for offshore oil and gas marine services remains highly favourable, both in exploration- development of deepwater fields and in
production and maintenance, Bourbon said.
High
oil prices make it profitable to relaunch production on old continental offshore fields, generating heavy activity in this sector, it said.
In the bulk division, the company intends to benefit from favourable market conditions to secure the use of a portion of its future fleet for medium-term contracts, Bourbon said.
Source:  Thompson Financial

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Bunkers International Files for Bankruptcy

U.S. based bunkering services firm Bunkers International Corp. announced August 28 that it has filed for reorganization under Chapter 11 of the Bankruptcy Code.

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

Greek Coastguard Rescues 2,500 over Three Days

Greece's coastguard has rescued about 2,500 migrants and refugees off the country's eastern islands over the past three days, authorities said on Monday, as the

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1775 sec (6 req/sec)