Overview
Over 40 years of experience.
Specialising in dry bulk shipping (coal, minerals, cement, grain, etc.), Setaf Saget has developed a superlative expertise in the international marine freight sector and offers a complete range of services for major international industrial groups.
Together with its own ships and other controlled tonnage, Setaf Saget operates:
- a fleet of 6 modern bulk carriers worldwide,
- transporting 16 million metric tons every year,
- generating a turnover of 244,6 million euros (2007).
- with 45 collaborators at the headquarters.
- annual revenue growth of 7% a year,
- investment, in addition to the installments paid in 2007, of 300 million euros for 16 new bulk carriers.
BOURBON’s recent acquisition of four 55,000-metric ton bulk cargo carriers has enabled it to consolidate its own fleet of six handy-max vessels equipped to self load and self discharge.
The Horizon 2012 strategic plan targets for the Bulk Division:
BOURBON has decided to strengthen its position as shipowner and expand its range of bulk carriers to answer the needs of its clients.
With an owned fleet that will represent in 2012 about 30% of the bulk carriers needed by Setaf Saget for its business, BOURBON also intends to maintain a satisfactory level of profitability in a context of fluctuating market rates.
