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.
ESVAGT donates 30 used servers to the Syddansk Business School (SDE College)
Our GRESB score has improved, holding great significance for our customers, partners, and investors who expect ESVAGT to operate sustainably and environmentally responsibly.
Ambitious climate targets and concrete, innovative efforts contributed to Vesta's naming ESVAGT as its ‘Sustainability Supplier of the Year’.
The transfer boat of the future for the wind sector will be bigger and stronger, with room for more technicians and more cargo. ESVAGT and Hvide Sande Shipyard are raising the bar together.
In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK East Coast, as the result of a ground-breaking agreement between Ørsted and ESVAGT. Now the two companies are expanding their partnership on green offshore operations by signing an agreement for a second green service operation vessel.
ESVAGT appoints Dennis Bjørn Krog-Meyer as CFO
Despite the turbulent macro conditions in 2022 ESVAGTs growth continues, with improvements in both revenue and operational results, as well as a strong safety performance with zero Lost-Time Incidents (LTIs).
With a 15-year contract to service the largest offshore wind farm in North America, ESVAGT has made a breakthrough in the buoyant American offshore wind market.
Crowley and Danish offshore maritime leader ESVAGT will jointly build and operate a service operations vessel (SOV) under a long-term charter with Siemens Gamesa Renewable Energy, enhancing a service crucial for the U.S. clean wind energy market.
The crew on 'Esvagt Cornelia' made a difference at the Balder field in the Norwegian Sector by coming to rescue of an exhausted Norwegian senior sailor.
Crowley and ESVAGT have executed additional joint venture agreements that further strengthen their commitment to support purpose-built, Jones Act vessel development and availability for U.S. offshore wind production.
After 21 years in the shipping company, ‘Esvagt Delta’ is replacing standby and ERRV tasks in the North Sea with whale watching and nature tourism in Norway.
The multifunctional vessel 'Esvagt Heidi' is part of a new strategy for the logistical operation of TotalEnergies EP Danmark A / S in the North Sea.Together with Danish ESVAGT, the company is rethinking and optimizing the logistics infrastructure offshore in order to create new synergies and foster a more efficient operation, and at the same time, reducing emissions too. On Wednesday, the vessel w
Growth in the European offshore wind segment; delivery of two newly built wind ships and an improvement of the ERRV market in the North Sea gave ESVAGT a satisfactory 2021. Optimism for further growth in 2022.