Maersk Supply Service, a company specializing in offshore support vessels (OSVs), is reducing its business operations to focus on the Atlantic Basin and the North Sea. It will relocate two vessels from Australia after their current contracts end. The company has decided to no longer enter into new turn-key project solutions due to the financial risk involved. However, it will honor existing commitments and fulfill its project backlog. As a result of these changes, Maersk Supply Service will be laying off 130 employees over the next two years.
In addition to the restructuring, the company is implementing a new management structure. Two senior executives, Chief Operational Officer Mark Handin and Head of Integrated Solutions Olivier Trouvé, will be leaving the company by the end of September. Jonas Munch Agerskov, currently the Chief Commercial Officer, will take on the role of Executive Vice President for Offshore Wind. Michael Reimer Mortensen will join Maersk Supply Service as the new Chief Commercial Officer responsible for the OSV business.
The restructuring follows the acquisition of Maersk Supply Service by AP Moller Holding. The new management aims to refocus the business around OSVs and offshore wind, as these markets show potential for growth. CEO Christian Ingerslev stated that the company aims to become more competitive and support the energy transition by creating value for customers in the most attractive future markets. They also have an innovative design for offshore wind turbine installation that could revolutionize the industry.