After an internal inquiry Tanjung Offshore has suspended three of its officials due to possible conflicts of interest and breaches of fiduciary duty, procedure and authority, the company said.

Bourbon has booked three Heavy Duty Work ROVs (Remote Operated Vehicles) from FMC Technologies Schilling Robotics, to be deployed on Multi-Purpose Support Vessels (MPSV) such as the Bourbon Evolution 800 series.

Fleet growth, higher average rates and lower utilisation rates resulted in a 5.7% increase in revenues at Bourbon in the third quarter.

The deal between Malaysian offshore supply vessel (OSV) player Tanjung Offshore, Bourbon Far East Pte Ltd and their key business partners looks like it will be stretched out till next year, as all parties have agreed to extend the the heads of...

China Exim Bank is focusing its efforts in financing shipowners for orders of high-tech and LNG vessels, eco-ships and offshore units.

Mermaid Maritime has bagged subsea contracts in the Middle East worth up to $45m.

First half profits at French offshore operator Bourbon fell by 65% in the first half to EUR10.6m ($13.9m), from EUR30.9m in the same six months last year.

Bourbon today announced its 500th vessel in service, Bourbon Evolution 806, giving it the largest fleet of offshore vessels owned or on bareboat charter in the world.

Revenues at offshore owner-operator Bourbon rose 8.8% in the first quarter compared to 2013, although exchange rate fluctuations dragged the improvement down to 3.8%.

Jaccar Holdings has launched a takeover bid for Bourbon at 24% over the last closing price for shares.