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Maersk Supply Service booked impairments worth USD 1.7 billion over four years

In the wake of the oil price collapsing, Maersk Supply Service has booked significant impairments on its assets. The carrier, which is the last part of Maersk's oil industry activities, advanced on both top and bottom lines in 2019.

Photo: PR / Maersk Supply Service

The effects of the oil industry's sudden downturn in 2014 have cost major impairments for offshore carrier Maersk Supply Service, the last remaining part of A.P. Moller-Maersk's activities in the oil industry.

From 2016 to 2019, the company has booked impairments for a total of USD 1.7 billion on ships, newbuilds and other things, state Maersk's annual reports on recent years, while Maersk Supply Service confirms the extent in a response to ShippingWatch.

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