Danish offshore marine services provider Maersk Supply Service will scale down its business, with approximately 130 people being impacted onshore and offshore over the next two years, depending on the consultation process in the UK.
Maersk Supply Service is now looking to concentrate on fewer business areas and regions and plans to focus on offshore wind and offshore support vessels.
The Lyngby-based firm acquired by A.P. Moller Holding for $685m in March, will execute its current project backlog as the company reassures that it will “honour its commitments”.
In the plans of the firm is to continue to support towing, mooring and installation of offshore assets on a time-chartering basis, but it will no longer enter new turn-key solutions projects.
The move will see the company relocate two vessels in Australia after completion of the current contracts, as it wants to focus its geographical footprint and position its fleet around the Atlantic Basin and the North Sea.
The management team will be restructured around the two new core business areas. Jonas Munch Agerskov, currently chief commercial officer, will take on the newly created role of executive vice president for offshore wind and assume full responsibility of the offshore wind business.
For the OSV business, Michael Reimer Mortensen will join Maersk Supply Service as new chief commercial officer and be responsible for leading the commercial efforts in the offshore support vessel business.
The company will also search for a new chief technical officer to be part of the management team. As a consequence, chief operational officer Mark Handin and head of integrated solutions, Olivier Trouvé, will leave Maersk Supply Service by the end of September 2023.
“Maersk Supply Service has been on a transformational journey since 2016 to explore new business opportunities after the downturn in the OSV market. The company has added many different areas to its business, all relevant at the time. Now it is time to select the areas with the highest potential for Maersk Supply Service,” said chief executive Christian Ingerslev.
“We will build scale in the markets we operate to become more competitive. To do this we will focus on the most attractive future markets with the best fit for Maersk Supply Service,” Ingerslev added.
Maersk Supply Service owned by A.P. Moller Holding, which is owned by the A.P. Moller Foundation, has over 1,000 employees both onshore and offshore, and owns more than 30 vessels and one wind installation vessel under construction.
