Maersk Supply Service chief executive Christian M Ingerslev will step down when the sale of the company to Norway’s DOF Group is completed.

The Danish company’s parent, AP Moller Holding, agreed a deal on Tuesday to sell most of the 30-strong offshore vessel fleet to its Oslo-listed rival for $1.1bn.

“Christian Ingerslev will be stepping down as CEO following the closing of the transaction,” a Maersk Supply spokesperson told TradeWinds.