Bourbon’s Operations Crippled By Ebola Outbreak -CEO

Christian-LefèvreBourbon South Africa, suppliers of ships and crew to energy producers, said the Ebola outbreak in Nigeria has affected its operations, leading to a loss in the first half, partly on industry cost cutting. The company said the mobility of vessels coming from Nigeria has been restricted by some countries. “Vessels coming from Nigeria can’t go directly to Cameroon or Ivory Coast”, Bourbon’s Chief Executive Officer, Christian Lefevre, said. Bourbon’s Nigeria operations are located around the southern oil hub of Port Harcourt. Port Harcourt recorded its first death from the outbreak last month.

Bourbon posted a first-half net loss of €4.8 million ($6.3 million), after a €14.4 million profit a year earlier, as oil companies cut costs, delayed projects and the ship-supply industry suffered from global overcapacity. It fell 3.4 per cent to €20.96 in Paris.

Its sales, which were up 8.9 percent in the period under review on a “constant” basis, are expected to be at the “lower end” of a full-year growth forecast of 8%t and 10 percent,” said Lefevre.

He explained that plans to sell as much as 30 per cent of its supply-vessel fleet will continue through next year.

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