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Bourbon to add 150 vessels to fleet

Date:2010/7/09/ 13:11

French offshore giant, Bourbon, is launching a US$2 billion new building program – adding nearly 150 extra vessels to its fleet – to renew its old and obsolete continental offshore fleet and meet demand in deepwater

By adding 80 supply vessels and 64 crewboats Bourbon will be operating a fleet of 600 vessels for deepwater and shallow water logistics services by 2015.

This new investment financing will come from EUR500 million (US$630 million) from the sale of 16 Bourbon supramaxes, a reduction in instalments paid on vessels under construction (75 percent of the vessel price being paid on delivery) and a US$400 million 12-year loan from China Exim Bank.

Bourbon turned a profit of EUR213.1 million (US$269 million) in 2009, of which EUR193.9 (US$245 million) came from its offshore wing.

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