According to the company, by focusing on fewer business areas and regions, Maersk Supply Service will increase its presence in core markets, increase synergies in its operations and improve profitability. Going forward its two core business areas will be offshore wind and offshore support vessels (OSV).

The offshore vessel markets continue to improve, and the energy transition continues to accelerate. Therefore, Maersk Supply Service will focus on building scale in these two business areas where the company can benefit from a young and energy efficient fleet, experienced crew as well as its unique and innovative concept for offshore wind turbine installation.

“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. Building on our current strong position, we will create value for our customers and together secure energy supply and support the energy transition,“ says CEO of Maersk Supply Service, Christian Ingerslev.

“Within offshore wind, governments are setting ever higher offshore wind targets. Developers are moving quickly to secure ports, turbines and vessels to support these goals, while at the same time vigilantly keeping cost down. We have a unique and innovative design for offshore wind turbine installation that has the potential to revolutionise the way offshore wind farms are installed and help meet offshore wind targets faster. Our ambition is to play an active role in growing and accelerating the energy transition,” says Ingerslev. The more focused portfolio has impacts on current business areas and geographical position. While Maersk Supply Service will continue to support towing, mooring and installation of offshore assets on a time-chartering basis, it will no longer enter new turn-key solutions projects. The balance between risk and reward in solutions projects do not meet the financial expectation.