Bourbon, the Jacques de Chateauvieux-owned offshore shipowner, has seen its first quarter revenue drop 18% compared to a year ago.
It said revenue came in at EUR 314.5m ($361.2m) against the EUR 383.6m seen in the first three months of 2015, in figures released Wednesday.
Vessel utilisation slipped from 79.1% to 69.5%, while the average daily charter rate of its fleet was down 15% year-on-year to $10,324.
“In
