Bourbon Mobility reported revenue and operating results for the third quarter and nine months of 2018. For the quarter, the company reported adjusted revenues were €46.3 million against €51.4 million a year ago. Business was impacted by a two-point decline in utilization rates and continued volatility in average daily rates, which struggled to stabilize compared with the previous quarter i.e. decrease of 0.9%. However, significant contracts have also been renewed for 2019.

For the nine months, the company reported adjusted revenues were €141.6 million against €165.2 million a year ago.

For the quarter, the company reported operating indicators as number of vessels 265.4 and average utilization rate is 51.8% against number of vessels 269.0 and average utilization rate is 55.1% a year ago.

For the nine months, the company reported operating indicators as number of vessels 267.1 and average utilization rate is 53.3% against number of vessels 269.0 and average utilization rate is 57.6% a year ago.