Bourbon to Expand Oil Fleet, Sells Bulk Vessels to Genco
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Bourbon SA, owner of the second-biggest fleet of supply and crew ships for the oil industry, plans to spend $2 billion to nearly double its fleet through 2015, partly financed by the sale of bulk carriers to Genco Shipping and Trading Ltd..
Bourbon’s plan to further expand in the offshore business means it will have 600 vessels by 2015, up from 357 at the end of last year, the Paris-based company said in a statement. The French ship owner will sell 16 Supramax bulk carriers to Genco for $545 million.