In the fourth quarter 2012 saw a 14.5% increase in revenue year-on-year, from $370m in 2011 to $424m in 2012. Bourbon cites a number of factors in the increase, including 33.1% growth in Asia due to large Australian demand, and 19.3% growth in Africa. Of particular note is the company’s massive growth in the shallow-water offshore vessels segment, which amounted to 39.4%.
“Our positioning in the deepwater mid-sized vessel market and high-end shallow water vessel market (diesel-electric and DP2 dynamic positioning) is paying off,” said ceo Christian Lefèvre. “The stability of the Brent price per barrel ($110 on average in the last quarter of 2012) is helping to bolster major investments by our clients and hence the demand for vessels in the upcoming quarters.
“Under these conditions, backed by its growing modern fleet of standardised, innovative vessels with an average age of six years, Bourbon is set to reap the full benefits of an offshore vessel market that is expected to improve even further in 2013.”
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