Bourbon, the Jacques de Chateauvieux-owned offshore shipowner, has seen a further deterioration in its financial performance.
The Paris-headquartered offshore vessel operator saw second quarter revenue fall over 24% year-on-year to EUR 284.7m ($319m).
Vessel utilisation slipped from 79.5% to 64.5%, while the average daily charter rate of its fleet was down 18.1% year-on-year to $15,265.
“Bourbon is the most resilient OSV company in the market and has been impacted, however less and later, by the deep reduction in the level of activity of the oil companies following the sharp and sudden reduction of the oil price,” it said.
“Therefore
