French offshore shipping giant Bourbon Corporation has put 41 platform supply vessels (PSVs) up for sale as it restructures its operations.
The company said it is "accelerating its transformation" with a new action plan, Bourbon in Motion, to boost competitiveness in a challenging sector.
CEO Gael Bodenes said: "As the market cycle has bottomed out, Bourbon must focus more than ever on operational excellence, fleet utilisation rates, cost reduction program and free cash flow preservation.
