Maersk Supply Service to scale down organisation - 130 people 'impacted'
By:
Chris Anderson
29/08/2023
Maersk
By focusing on fewer business
areas and regions, Maersk Supply Service will increase its presence in
core markets, increase synergies in its operations and improve profitability.
Going forward its two core business areas will be offshore wind and offshore
support vessels (OSV).
The offshore vessel markets continue to improve, and the energy transition
continues to accelerate. Therefore, Maersk Supply Service will focus on
building scale in these two business areas where the company can benefit
from a young and energy efficient fleet, experienced crew as well as its
unique and innovative concept for offshore wind turbine installation.
“We will build scale in the markets we operate to become more competitive.
To do this we will focus on the most attractive future markets with the
best fit for Maersk Supply Service. Building on our current strong position,
we will create value for our customers and together secure energy supply
and support the energy transition,“ says CEO of Maersk Supply Service,
Christian Ingerslev.
“Within offshore wind, governments are setting ever higher offshore wind
targets. Developers are moving quickly to secure ports, turbines and vessels
to support these goals, while at the same time vigilantly keeping cost
down. We have a unique and innovative design for offshore wind turbine
installation that has the potential to revolutionise the way offshore wind
farms are installed and help meet offshore wind targets faster. Our ambition
is to play an active role in growing and accelerating the energy transition,”
says Ingerslev.
The more focused portfolio has impacts on current business areas and geographical
position. While Maersk Supply Service will continue to support towing,
mooring and installation of offshore assets on a time-chartering basis,
it will no longer enter new turn-key solutions projects. The balance between
risk and reward in solutions projects do not meet the financial expectation
and Maersk Supply Service lacks the scale needed to mitigate risks and
get synergies. The company will honour its commitments and execute the
project backlog.
Further, Maersk Supply Service wants to focus its geographical footprint
and position its fleet around the Atlantic Basin and the North Sea, hence
it will relocate the two vessels in Australia after completion of the current
contracts.
Maersk Supply Service will scale down the organisation accordingly with
approximately 130 people being impacted onshore and offshore over the next
two years, depending on the consultation process in the UK.
The management team will be restructured around the two new core business
areas. Jonas Munch Agerskov, currently Chief Commercial Officer,
will take on the newly created role of Executive Vice President for Offshore
Wind and assume full responsibility of the offshore wind business. For
the OSV business, Michael Reimer Mortensen will join Maersk Supply Service
as new Chief Commercial Officer and be responsible for leading the commercial
efforts in the Offshore Support Vessel business. Maersk Supply Service
will search for a new Chief Technical Officer to be part of the management
team. As a consequence, Chief Operational Officer Mark Handin and Head
of Integrated Solutions, Olivier Trouvé, will leave Maersk Supply Service
by end of September 2023.
“Maersk Supply Service has been on a transformational journey since 2016
to explore new business opportunities after the downturn in the OSV market.
The company has added many different areas to its business, all relevant
at the time. Now it is time to select the areas with the highest potential
for Maersk Supply Service. The organisation has built up valuable knowledge
along this journey, and I would like to give my sincere thank you for huge
effort and commitment to all that has taken part of this journey and especially
to the colleagues that we now have to say goodbye to,” says Ingerslev.