Bourbon to Idle Oil-Service Vessels as Losses Widen With Rout

  • Company's net loss quadruples to 19.2 million euros in H1
  • As many as 35 vessels to be pulled from fleet in second half

Bourbon SA, a French supplier of ships and crew to oil and natural gas producers, is pulling as many as 35 vessels from operation in the second half of the year as overcapacity in the deepwater market leads to widening losses.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.