‘Beginning of an upcycle’: DOF signs $1.1bn deal for Maersk Supply after nine months of talks

DOF Group’s $1.1bn acquisition of Maersk Supply Services is perfect for timing the market and has been nine months in the making, according to chief executive Mons Aase.

Aase told TradeWinds during an interview in Oslo: “We are in the beginning of an upcycle. We will get more capacity immediately in a very strong market.

“Therefore, the timing is perfect.”