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16 July 2019 The on-line newspaper devoted to the world of transports 06:02 GMT+2

March 29, 2019

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Original news
The Danish group Maersk renounces to sell the Maersk Supply Service

It is specified that "some solution of interest is not characterized"

The board of directors of shipowning group Danish A.P. Møller-Mærsk has taken today the decision not to continue in the previewed cession of the Maersk Supply Service, the company of the group that work a fleet of 44 ships to service of the offshore industry of the oil and the gas. The decision to sell the company were assumed in the within of the which announced project in 2016 to separate from the group the oil activities and those correlated, that which stopped operating activity had involved the classification of the Maersk Supply Service and on sale mails beginning from the last trimester of 2017.

A.P. Møller-Mærsk has explained that, although the continuous efforts, is not characterized some solution of interest for a separation of the company from the group mainly - has specified the company - because of the difficult conditions of the market characterized from a sovracapacità in the segment of the support ships of the offshore industry. Moreover it is specified, than as a result of its reclassification and inclusion in the financial statements of the group, Maersk Supply Service will operate as independent and not integrated society in the group.

In the exercise anniversary 2018 Maersk Supply Service has recorded revenues pairs to 263 million dollars regarding 244 million in 2017 and an EBITDA of three million dollars regarding 13 million in 2017.

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Vincenzo Miele

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