2007

Conversations with…. Jacques de Chateauvieux, Chairman and Chief Executive Officer of Bourbon

Thanks to Tony Munoz at TM Marketing, we had the opportunity to sit down last week withMr. de Chateauvieux for a broad ranging discussion of the company’s activities, outlook and strategy.

With the predominant portion of its assets and capital invested in offshore oil and gas marine services and dry bulk, it was not surprising to find him ebullient. “These are extraordinary times; everything is up – rates, utilization.” Yet he remains realistic and is not a believer in the super-cycle. Whereas historically cycles were three to five years, he believes that this one might be extended for seven to ten years. In his macro view, which is widely held, requirements for oil cannot stop and existing production facilities are in decline. Oil must be replaced at least at the rate of drawdown. Nothing new here however the image he portrayed of everyone worldwide, with wealth trickling down, wanting to own a car provided an interesting perspective on growing demand.

This is only an excerpt of People & Places – 09/13/2007

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