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.
From 1 November Kristian Jakobsen and Søren Karas will jointly take over the CEO role at ESVAGT replacing Peter Lytzen who will retire.
ANNUAL REPORT: With a considerable revenue growth in both the oil and gas and wind segments, ESVAGT continued its business growth in 2023. Securing long-term contracts for two new-buildings for Ørsted and Vestas and a new strategic partnership targeting the Asian market for offshore wind, ESVAGT is heading for further growth.
A new Danish-Korean collaboration between ESVAGT and KMC Line is looking to unlock the considerable potential in Korean offshore wind.
ESVAGT has secured the contract to service Vestas at Ecowende’s Hollandse Kust West offshore wind farm in the Netherlands and has initiated the process of designing and building the new SOV.
