French offshore shipping giant Bourbon has seen its net loss hit EUR 263m ($282m) in 2016.
This compares to EUR 43.4m in the previous year, as revenue was slashed to EUR 1.1bn against EUR 1.43bn.
Chairman and CEO Jacques de Chateauvieux said: "The marine services industry is going through the most acute crisis of the last 40 years due to the sharp slowdown in offshore oil and gas.
"It
