Bourbon Posts Weak First Half Results
four vessels that have been transferred since July 1, 2014 •To date, the vessels transferred to ICBCL comprise seven deepwater vessels, 31 Shallow water vessels and five subsea vessels •The $150 million agreement with Standard Chartered Bank for the sale of six vessels remains on track and the remaining three vessels are targeted to be transferred before the end of 2014 bourbonoffshore.co
Topaz Secures $75m Investment from SCPE
, I’m pleased to welcome SCPE on board. Bringing in institutional funds is a key part of the Board’s strategic capital markets plan. Topaz has been a target of much investor interest, however our choice of partner was logical given the deep multi-decade relationship between Topaz and Standard Chartered Bank. This partnership between Renaissance Services and one of the world’s leading emerging markets private equity houses speaks volumes in terms of the value of Topaz and its tremendous potential. The diversification of our sources of capital puts Topaz firmly on the path to eventual independen
Bourbon Q1 Revenues Up 7.9%
vessels have been transferred (four deepwater vessels, 10 Shallow water vessels, one subsea services vessel) for $464 million. This brings the total vessels transferred under the deal with ICBCL to 36 vessels for a total amount of $986 million. In the agreement signed in November 2013 with Standard Chartered Bank (SCB) for the sale and bareboat charter of six new build vessels, the ownership of the first three vessels were transferred in 2013 for US$65 million and the remaining three vessels will be delivered to SCB during the second half of 2014. The company noted that on March 16, 2014, Jaccar
Bourbon Revenues Rise in 2013
during 2013, as part of the sale and bareboat charter agreement for up to 51 vessels signed with ICBCL on April 9, 2013. The transfer of the remaining maximum 30 vessels should take place during the first half of 2014. In addition, at the end of November 2013, Bourbon signed an agreement with Standard Chartered Bank (SCB) for the sale and bareboat charter of six newbuild vessels. The ownership of three vessels has been transferred and the remaining three vessels will be delivered to SCB during the second half of 2014. In addition to vessel disposals in line with the Transforming for beyond action
February 2024
