OCTOBER 18, 2013 — Paris headquartered offshore services giant Bourbon reports that it has sold three vessels, including a tug, an MPSV (multi-purpose supply vessel) from the subsea services fleet and a PSV (platform supply vessel), for an approximate total amount of US$ 38 million generating a total capital gain of approximately US$ 18 million.

The three vessels have diesel mechanical, rather than diesel electric, propulsion and are ten, 14 and 21 years old, respectively. They are now in the possession of and operated by their new owners.

Bourbon says the three separate sales align with its strategy that aims to build its fleet with modern ships, built in series and equipped with diesel-electric propulsion systems, "in order to offer its most demanding clients the service quality of a standardized fleet of modern and efficient vessels."