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June 17, 2020

Maersk Supply Service sells two offshore support vessels

Offshore marine services provider Maersk Supply Service has sold two of its older anchor handler tug and supply (AHTS) vessels.

By Himaja Ganta

Offshore marine services provider Maersk Supply Service has sold two of its older anchor handler tug and supply (AHTS) vessels.

The Maersk Advancer and Maersk Asserter vessels have been sold to an undisclosed buyer.

The company cited market volatility as a result of the Covid-19 pandemic and the global oversupply of offshore supply vessels.

Maersk Supply Service chief commercial officer Carsten Gram Haagensen said: “As a response to the recent downturn in the oil and gas industry, we have re-evaluated our fleet composition and future fleet deployment.

“As we expect insufficient commercial opportunities for Maersk Advancer and Maersk Asserter, we have concluded that a sale of these assets is the most attractive solution.

“With this, we continue to take active steps to right-sizing the supply side of the market that the OSV industry needs for a sustainable recovery.”

In 2016, Maersk Supply Service started reducing its fleet in the wake of the global over-supply of offshore support vessels.

According to Maersk Supply Service, the sold vessels have been either recycled or repaired by their new owners to compete ‘outside of the offshore supply vessel’ segment.

Since 2016, a total of 26 platform supply vessels (PSV) and AHTS vessels left the Maersk Supply Service’s fleet.

After the recent sale, 41 vessels remain in the fleet.

In January 2019, Maersk Supply Service secured a contract to supply two of its new-build vessels for the stage two drilling programme of Chevron Australia’s Gorgon project.

In April 2018, Maersk Drilling partnered with Maersk Supply Service to establish a 50:50 joint venture (JV) company to deliver decommissioning services to oil and gas operators.

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