Maersk Supply Service: Brazil has disappointed

The Brazilian oil market has failed to live up to the expectations of the industry, and this goes for Maersk Supply Service as well, CEO Carsten Plougmann Andersen tells ShippingWatch.

The massive Brazilian oil market has in recent times failed to come through as the success story expected by many subcontractors and service companies in the business, Maersk Supply Service CEO Carsten Plougmann Andersen tells ShippingWatch.

"Brazil has been a negative surprise to many in terms of developments. We're very much seeing the general trend with oil countries becoming increasingly protective of their offshore work and oil extraction. This is a challenge for us in countries such as Brazil, West Africa, and many other places in the Far East and Australia."

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