Maersk Supply Service enters the Mexican market

Stingray subsea support vessl Stingray subsea support vessl

JULY 4, 2017 — 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 four Stingray subsea supportvessel newbuildings.

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 long term contract takes Maersk Supply Service into the Mexican market for the first time and provides significant forward contract coverage.

"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," says Maersk Supply CEO Steen S. Karstensen. "We are excited to commence our activities in the Mexico region and offer the exclusive capabilities and operational efficiencies of our Stingray newbuilding to Blue Marine Group and its clients."

"Blue Marine is very pleased to have a close cooperation with Maersk Supply Service and be able to bring one of the most sophisticated vessels in the world to Mexican waters. 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. The contract will be the platform for a new era of high quality services, always creating profitability for our customers. We as a Group are looking forward to further strengthening the relationship between Maersk Supply Service and Blue Marine in the future," says Juan Reynoso Durand, Executive Chairman of Blue Marine.

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