Maersk Supply Service enters Mexican market with new long-term gig

Maersk Supply Service has secured a long-term contract with Subtec S.A de C.V. of Mexico, a subsidiary of Blue Marine Group, for one of its Stingray newbuild vessels.

Maersk Supply Service will enter the Mexican market for the very first time with a long-term contract award with Blue Marine Group, the company informed on Tuesday.

According to the vessel provider, this contract secures utilization of one of its four Stingray subsea support vessel newbuilds, none of which have been delivered to date.

To remind, Maersk Supply last month postponed the delivery of five anchor handling vessels under construction at Kleven Yard in Norway and four Stingray vessels under construction at Cosco, Dalian in China. Under this new agreement, delivery dates for the Stingray vessels range from summer 2017 to spring 2018.

“This contract is the result of two companies working together to provide a superior integrated service offering and we look forward to building a strong partnership with Blue Marine Group going forward. We are excited to commence our activities in the Mexico region and offer the exclusive capabilities and operational efficiencies of our Stingray new-building to Blue Marine Group and their clients,” says Chief Executive Officer Steen S. Karstensen.

The Stingray vessel will be operating in the Bay of Campeche performing general support duties for Blue Marine and its clients, including IRM and maintenance of Pemex’s platforms as well as enhancement and well stimulation.

The contract will start in autumn 2018 with a firm duration until June 2020.

Juan Reynoso Durand, Executive Chairman of Blue Marine, said: “Despite the challenging market, we are confident that this vessel will be a valuable tool for our Group in order to provide integrated services to oil companies in the region in the years to come. It is also an opportunity to create synergies between Maersk Supply Service and Blue Marine for the oil & gas market.”