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Maersk injects fresh capital into offshore firm with big plans, removing debt

Maersk builds financial muscle in Maersk Supply Service, which seeks to gain a foothold within US offshore wind via WTIVs. The container group has injected its subsidiary with fresh capital and removed debt.

Photo: Maersk Supply Service

Maersk Supply Service, which has been suffering for years under an oil market downturn with lower demand for supply vessels, gets a considerable financial boost from its owner, A.P. Moller-Maersk.

Maersk has injected its offshore carrier, which is banking big on gaining a foothold within US offshore wind with wind turbine installation vessels (WTIVs), with capital in two instalments.

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