KESTO Secures First Contracts with Vestas in South Korea
The ESVAGT and KMC Line joint venture, KESTO, will provide offshore service logistics for Vestas on Shinan-Ui offshore windfarm.
The ESVAGT and KMC Line joint venture, KESTO, will provide offshore service logistics for Vestas on Shinan-Ui offshore windfarm.
ESVAGT advances its growth ambitions with the strategic acquisition of two SOVs from Edda Wind. The acquisition is supported by the current customers, Vestas and Ocean Breeze, novating long-term contracts to ESVAGT.
The transfer of ESVAGT CHARLIE to SeaOwl on October 3rd marked not only the end of a vessel’s service - but also a farewell to an entire class of vessels in ESVAGT’s history. With this sale, ESVAGT bids farewell to the last of its iconic Group 3 vessels.
Message to EU ambassadors: The green transition requires a stable framework and political backing
ESVAGT, OSK Design, and Hvide Sande Shipyard have joined forces to raise the bar in offshore wind logistics with the development of a next-generation transfer boat. The new boat is larger, more robust, and designed to carry more technicians and cargo. Technicians were very satisfied after testing in March.
The market leader within maritime offshore wind solutions, ESVAGT, will follow customers to the emerging Korean offshore wind market by entering a joint venture partnership with South Korean KMC Line.
ESVAGT delivered its strongest financial performance to date in 2024, reaching an all-time high revenue of DKK 1,470 million and a record EBITDA of DKK 508 million. The results mark a year of strategic progress and operational excellence.