French OSV giant Bourbon says the sector recovery is moving at a slow pace, as its annual revenue fell 20%.
The figure for last year was EUR 689.5m ($783m), against EUR 860.6m in 2017, impacted by the renewal of long-term contracts at market rates.
Revenue for the fourth quarter was EUR 175.9m, down from EUR 196.9m the year before.
It said activity had been stable for three consecutive quarters, in particular for its Bourbon Marine & Logistics and Bourbon Mobility divisions.
