Bourbon Sells off Trio of Old Ships

bourbon orca
An example of one of Bourbon’s modern vessels, the Bourbon Orca, which was awarded Ship of the Year at SMM 2006

Bourbon, the Paris-based OSV operator announced today the sale of three of their vessels today in a strategic move to maintain a fleet of modern offshore vessels.

The 3 ships, which include a tug, an MPSV (Multi-Purpose Supply Vessel) from the Subsea Services fleet and a PSV (Platform Supply Vessel), were 10, 14 and 21 years old, respectively, and were sold for total consideration of approximately USD $38 million generating a total capital gain of approximately US$ 18 million according to an emailed statement by Bourbon today.