Maersk and Esvagt form JV for safety standby workNews // October 3, 2005
A spokesperson for The Maersk Company in the UK has confirmed that Maersk and Esvagt, the well known safety standby (emergency rescue response vessel) operator based in Denmark, have formed a new UK-incorporated joint venture, primarily for British and Irish waters.
In a statement, Maersk said the new venture's main focus would be emergency rescue response for offshore operators.
Esvagt-Maersk already has newbuildings on order which are due to be delivered in April 2007.
The statement said both shareholders in the new JV intend to transfer a number of existing rescue/recovery vessels into the JV in the near future, in order to strength the company's position in the market, which is currently experiencing a high level of demand.