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Bourbon: new strategic action plan

(CercleFinance.com) - Bourbon has announced its "#Bourboninmotion" plan, which will enable it to meet the needs of competitiveness and new customer requirements, in a market context that has challenged all players in the Oil & Gas industry.

The action plan is based around the restructuring into three separate subsidiaries (Marine & Logistics, Subsea Services and Mobility) and a "Smart shipping" program, which will connect Bourbon Marine & Logistics fleet of 132 modern supply vessels.

The 2017 accounts are currently being finalised and Bourbon estimates that its consolidated net loss for the past year should be around 600 million euros, compared with a net loss of 279.6 million euros in 2016.

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