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Maersk Supply Service will postpone vessel deliveries

The downturn in the offshore market means that Maersk Supply Service is attempting to delay the delivery of the nine vessels ordered by the carrier. But several ships will hit the water this year, says CEO Steen S. Karstensen to ShippingWatch.

Photo: Maersk Supply Service

Like many players in the offshore industry, Maersk Supply Service's earnings have been hard-hit as a result of the declining activity in recent years.

The downturn has created a huge overcapacity of vessels in the market, and the carrier is now attempting to postpone the newbuilding program which was launched in 2014 when the oil price was at a completely different level than it is today.

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