Troubled Maersk company wants to dig for gold at the bottom of the sea

Struggling Maersk Supply Service, which has just had its value slashed by 40 percent, is looking to reverse its hardships by venturing into emerging business areas at sea.

Photo: Maersk Supply Service

Maersk Supply Service is trying to rehabilitate its financial balance by changing course.

The financially-struggling company, which the Maersk Group has not yet managed to sell-off, is looking to help companies with tasks involving everything from digging for nickel and copper in the seabed to cleaning plastic from the oceans. This decision is a consequence of the beleaguered oil and gas industry having punctured Maersk Supply Service's bottom line.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs