French vessel owner Bourbon saw revenues slide in the third quarter of the year as utilisation and day rates fell.
Revenues for the September quarter totalled €259.1 million ($288.1 million), down from the €344.1 million generated over the same quarter last year.
The fall in revenues came as utilisation rates slipped from 73.7% a year ago to 59.7% in the recent quarter, while the average day rate also fell from €11,167 to €9494.
