Maersk Supply Service has already lined as much as U.S. offshore wind contracts for the WTIV it has on order at Sembcorp Marine.
In a “keep it in the family” deal, publicly-listed A.P. Moller – Maersk (Maersk) has reached an settlement that may see privately-held A.P. Moller Holding, the father or mother firm of the A.P. Moller Group, purchase offshore providers supplier Maersk Supply Service (MSS).
The deal values Maersk Supply Services at $685 million and is according to the technique adopted by Maersk in 2016 of specializing in built-in logistics and away from vitality. Maersk Tankers, Maersk Oil & Gas and Maersk Drilling have been divested within the interval 2017-2019.
Maersk Supply Service will proceed buying and selling underneath its present identify and will probably be utilizing the Maersk seven-pointed star emblem as a part of its model.
U.S. OFFSHORE WIND
The firm serves the vitality sector with a fleet of 36 vessels manned by greater than 1,300 crew members and supported by round 300 onshore workers worldwide. The transaction consists of the revolutionary wind turbine set up vessel (WTIV) underneath development for the corporate at Sembcorp Marine. As we have now reported earlier, Maersk Supply has already lined up two U.S. offshore wind set up contracts for the vessel, partnering up with Houston-headquartered Kirby Corporation to offer Jones Act compliant feedering providers.
The Maersk Supply set up vessel incorporates a patented load switch system that may allow protected switch of cargo. The idea will make the most of two newbuilt tugs and barges to move wind turbine elements out to the the set up web site, whereas the WTIV stays on location to hold out successive installations.
“The capabilities and vessels Maersk Supply Service has built over more than 50 years supporting the oil and gas energy industry are much needed within offshore renewable energy, especially in the wind industry,” mentioned Martin Larsen, CFO at A.P. Moller Holding. “As new owners we will drive a transition of Maersk Supply Service to over time become a leading offshore marine company servicing the offshore wind industry. At the same time, we are pleased that this concludes the separation of energy related activities from A.P. Moller – Maersk as initiated in 2016.”
Until all required regulatory approvals have been obtained and the transaction closes, Maersk Supply Service will stay a subsidiary of A.P. Moller – Maersk A/S.
