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...
Strong first half 2009 results
Strong first half 2009 results boosted by growth in offshore.
EBITDA up 27.9%.
Net income, group share of €82.3 million.
Resignation of a member of the Board of Directors
Resignation of a member of the Board of Directors who becomes an observer, and co-option of a new member of the Board.
First half year 2009 revenues
First half year 2009 revenues up 11.2%.
Strong growth in offshore activity of 43.1% (29.7% at constant exchange rates) over first half year 2008.
Bourbon Liberty, latest news on the 100 and 200 series
For feedback on the 100 series and the first technical tests on the 200 series, we talk to Frank Dambrin, Executive Vice President of Bourbon Offshore.