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.
Serica Energy has extended the contract with ESVAGT and ESVAGT CASSIOPEIA. This extension, signed for three years from December 3rd, 2023 to December 3rd, 2026 reaffirms its commitment to supporting Serica Energy’s operations.
The contract not only secures ESVAGT CASSIOPEIA’s role in supporting Serica Energy for the next three years but also includes options for an additional 3 x 1-year ext
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).
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.
ESVAGT DANA has been rebuilt. Four meters wider and with a new permanent SMST walkway, the SOV ’Esvagt Dana’ is ready to service TotalEnergies in the Danish part of the North Sea for many years.
EMBASSY VISIT: Chargé d’affaires Stuart A. Dwyer from the US Embassy in Denmark met on Tuesday with ESVAGT's CEO Peter Lytzen and business manager in Esbjerg Karsten Rieder to talk about the potential for local wind companies in the booming US wind market.
Until June, ‘Esvagt Castor’ will follow the Well-Safe Guardian rig in a plug-and-abandon campaign in the UK sector. The number of wellheads on the seabed shows great potential.
With ESVAGT and Well-Safe agreeing a contract for ‘Esvagt Castor’ to support the rig Well-Safe Guardian, ESVAGT has its first foothold in a market with a significant potential.
'Esvagt Castor'
With ‘Esvagt Leah’ and ‘Esvagt Heidi’, the ESVAGT fleet has been equipped with two high-quality vessels.
It is atypical for ESVAGT to be expanding the fleet without having been responsible for the design and construction process with the yard.
However, with 'Esvagt Heidi' and 'Esvagt Leah', the two latest additions to the fleet and both just recently chartered, that is the case.
The v
ESVAGT extends contract with Repsol for standby services until the spring of 2023.
New contracts in the North Sea require ESVAGT to mass-recruit. Boosts in Denmark and the Faroe Islands have resulted in great contacts.
Focusing on innovative solutions, two of the key stakeholders in the Danish North Sea are joining forces to create the logistics of the future in the North Sea.