Offshore

Maersk Supply Service expects more idled vessels in 2016

Jørn Madsen took over as new CEO of Maersk Supply Service this summer and thus threw himself into the hard-hit supply sector. "The current situation indicates that we may have to idle more ships in the future," he says in an interview with ShippingWatch.
Photo: Maersk Supply Service
Photo: Maersk Supply Service
BY OLE ANDERSEN

Jørn Madsen, CEO of Maersk Supply Service, sees no core improvements for the oil and gas market until at least 2017, at best. The hard-hit market is plagued by extremely low rates in the North Sea, sending approximately 100 offshore vessels off the water, including eight freight vessels from Maersk Supply Service.

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