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Bourbon Sells off Trio of Old Ships

Rob Almeida
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October 18, 2013

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.

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