Bourbon Reports Growth

Thursday, August 09, 2007
Bourbon said sales for the first half amounted to $511m, up 29.7 percent versus $394.5m a year earlier, driven by sharp growth in offshore and bulk operations. At constant exchange rates, growth would have been 38.5 percent. Revenues for the offshore division came to $319m at end-June, up 28.3 percent, while bulk operations posted sales of $161.9m, representing 42.9 percent growth.

In the second half, the offshore division should continue to benefit from a buoyant market and make the most of 25 new vessels entering service - five supply and 20 crew boats, Bourbon said. The bulk division should profit in the second half of the year from the high freight levels noted in the first half of 2007, the company said. Source: Thompson FInancial

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Thome Is the First to Sign up to IMPA Act

Leading integrated ship management service provider Thome Ship Management has become the first ship management company to join IMPA ACT, the responsible supply chain management initiative,

Legislation Grants Funding for EU's EMSA

EU Council Adopts Regulation on EMSA Funding The European Union Council adopted a regulation yesterday to finance the actions of the European Maritime Safety

Wärtsilä to Divest its Shares in Two-stroke JV

Wärtsilä to divest its shares in QMD two-stroke joint venture Wärtsilä announced that it will divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co.

Coast Guard

Bollinger to Build 6 More FRCs for the USCG

Bollinger Shipyards, Inc., Lockport, Louisiana, announced the award of six additional USCG Sentinel Class Fast Response Cutters (FRCs). The U. S. Coast Guard

Alaska Welcomes USCG Admiral Papp Arctic Assignment

Alaska Senate Majority informs that it welcomes news that Admiral Robert J. Papp Jr., the 24th Commandant of the U.S. Coast Guard since May 25, 2010, has been appointed by the U.

USCG, Agencies Search for Downed Plane Near American Samoa

Coast Guard and local agencies are responding to a plane crash near Pago Pago International Airport after a single-engine plane crashed into the water Tuesday night.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1246 sec (8 req/sec)