ShippingWatch

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

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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