Entrepreneur of the Year
Jacques de Chateauvieux, Chairman and Chief Executive Officer of BOURBON, won the “Entrepreneur of the Year” award at the INSEAD XI Trophies.
2009 Annual Results
Robust earnings in 2009 driven by the growth of the offshore Division.
EBITDA excluding capital gains up 9.4%.
Net income, group share of €155.4m.
BOURBON now owns 100% of the share capital of its affiliate Delba Maritima Navegação
BOURBON confirms its intention to continue its expansion on the Brazilian market in offshore oil and gas marine services.
BOURBON and Schilling Robotics develop a new design of ROVs
Bourbon Subsea Services and Schilling Robotics have combined their expertise and experience to develop a new generation of ROVs (submarine robots) for the Inspection, Maintenance and Repair of offshore fields, market segment supported by the need for regular maintenance of the existing subsea infrastructures on...
4th quarter financial information and 2009 annual revenues
Group annual revenues up by 3.1% at 960.5 million euros.
Offshore Division posts annual growth of 20.5% at 809.9 million euros.
4th quarter revenues impacted by the global context of the offshore oil and gas activity.
Bourbon Liberty series: Great Ship of the Year 2009
The Bourbon Liberty Series is part of the ‘Marine Reporter and Engineering News’ ranking as "Great Ship of the Year 2009" (December 2009 issue). This ranking includes all the most outstanding vessels built worldwide in 2009.
Bourbon Liberty 100 and 200: already 28 vessels delivered
In February 2008, PSV Bourbon Liberty 101, first of the series, designed by BOURBON, was delivered by Chinese shipyards Sinopacific.
Delivery of the Molitor
Following the first two new generation Supramax bulk carriers of 58,000 tons (Major and Tabor), Setaf Saget took delivery of the Molitor on the 19th of November 2009.
This is the third ship of this series of 10, built by the Chinese shipyard Yangzhou Dayang Shipbuilding from Sinopacific Group.
Quarterly Financial Results
Satisfactory growth (+ 16.6%) for Offshore Activity in the 3rd quarter reflecting the high vessel-utilization rate.
BOURBON revenues up 3.1% compared with 3rd quarter 2008, at 246.8 million euros.
Setaf Saget increasing its fleet of directly-owned vessels
As scheduled in the Horizon 2012 strategic plan, Setaf Saget is steadily increasing its fleet of directly-owned vessels. With the latest deliveries of the Tabor and Major, the first two bulk carriers in the series of ten 58,000-ton Supramax, and the cement carrier Endeavor, Setaf Saget now has a fleet of ten bulk...