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Bourbon fixes deal with creditors

Bourbon fixes deal with creditors

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French OSV giant Bourbon has managed to reschedule the maturities of EUR910.8m ($962m) of its debts. Payments will now be stretched out through to 2022.

Bourbon has stacked much of its fleet in the past year and has seen its financial results take a nosedive.

“The confidence of our financial partners – on top of that of our customers and associates in the countries where we operate – is a tremendous encouragement for all those whose day-to-day efforts give life to Bourbon and prepare the innovative solutions of tomorrow in a profession facing profound changes”, commented Bourbon’s chairman and CEO Jacques de Chateauvieux.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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