PARIS, June 25, 2014 (GLOBE NEWSWIRE) --
BOURBON announces the entry into service of the 500th vessel - the Bourbon Evolution 806, the 6th vessel of the 1st series of IMR vessels for the offshore industry. BOURBON thus ranks among the world's leading groups for the offshore marine services industry.
This delivery validates BOURBON's strategic decision to focus on achieving economies of scale through standardization and construction in series, thus offering its customers a reliable innovative fleet with optimized service quality: "We are delighted with the delivery of this 500th vessel, which reflects our commitment to provide the means to continue our development and to best serve the needs of our clients. We are now realizing the fruits of seeds sown over several years when we invested in a series of standardized vessels to achieve a global leadership position in our market." asserts Gael Bodénès, Chief Operating Officer.
With a fleet of 500 vessels averaging 6.3 years of age, BOURBON operates worldwide with over 11,000 employees providing local services through 28 operating affiliates who ensure commercial and contractual relationships, as well as local technical support on-site, close to operations. By year-end 2015, the delivery of the 34 vessels under construction will make the fleet even larger and better able to serve the most demanding customers.
BOURBON'S standardization policy is best illustrated by the success of its series of vessels:
As part of its growth strategy, BOURBON not only focuses on construction in series, but also on centralizing maintenance and personnel's training via a structured industrial organization.
The vessels standardization policy and centralization of maintenance allow BOURBON teams to ensure customers operational continuity as well as achieving high levels of technical availability of 94.5% in 2013.
Among the market leaders in marine services for offshore oil and gas, BOURBON offers the most demanding oil and gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of more than 11,000 skilled employees. Through its 28 operating subsidiaries the Group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety.
BOURBON provides two operating Activities (Marine Services and Subsea Services) and also protects the French coastline for the French Navy.
In 2013, BOURBON'S revenue came to €1.312 billion and the company operated a fleet of 498 ships as of March 31, 2014. Under the "BOURBON 2015 Leadership Strategy" plan, the Group has built a vast fleet of innovative, high-performance mass produced offshore vessels.
The latest action plan "Transforming for beyond", financially provides for the sale of existing vessels or those under construction totaling $2.5 billion and then chartering these bareboat vessels over a period of 10 years. The first part of the program involved a contract for 51 vessels worth $1.5 billion with ICBC Financial Leasing. Through the "Transforming for beyond" action plan, BOURBON intends to expand its strategic scope to new possibilities beyond 2015 ensuring the creation of future value growth.
Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed on the Euronext Paris, Compartment A.
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