French offshore giant Bourbon has continued to lay up ships in dire markets.

It said on Thursday it has stacked 85 vessels, excluding crew boats, up 31 from its last update in August.

Adjusted revenues for the first nine months amounted to EUR 858.2m ($953m), down 22.2% year-on-year.

The third quarter figure was 9% lower compared with the previous quarter

"As anticipated, the offshore oil and gas marine services market is hitting a low point in the second half of 2016," it said.

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