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Esvagt

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Esvagt expands its business

Danish offshore service operator Esvagt wants to expand its portfolio of services, hiring new head of business development.

Connecticut to multiply offshore wind ambitions

The US state of Connecticut passes a bill to raise its target for offshore wind, allowing expansion of wind farms. This is in line with the strategy of wind service ship operator Esvagt, which is to expand to the US, CEO tells ShippingWatch.

Esvagt reports setback in profits

Esvagt's bottom line dropped by more than DKK 40 million in 2018, when work was scarcer in the North Sea. However, management expects 2019 will bring more contracts in Norway, Denmark and the UK.

Ørsted enters Japanese offshore wind

Japan's largest utility and Ørsted enter a Memorandum of Understanding regarding an offshore wind partnership that might end up exceeding 1 gigawatt capacity. The Danish utility's offshore wind ambitions have sparked attention among carriers and maritime suppliers.

Esvagt brings in new CEO from Teekay

Offshore shipping company Esvagt has found a new chief executive officer, who most recently served on the board of Teekay Offshore. He will replace the current interim CEO.

Esvagt looks to expand fleet after large capital injection

The fresh capital from the owners of Danish carrier Esvagt will be spent buying new wind vessels. "We expect that offshore wind will make up 40-50 percent of revenue within approximately three to four years," CFO René Just tells ShippingWatch.

3F ser norsk flag som den næste udfordring

3F Sømændene repræsenterer 1100 skibsassistenter og kæmper for at bevare danske job, som den seneste aftale om at gå ned i løn med Esvagt er et eksempel på. Frygten er blandt andet, at flere rederier ligesom Viking Supply Ships vil flage om til det norske skibsregister.

Esvagt believes in significant market share in offshore wind

Despite wind activity being one of the priority areas at Esvagt since 2011, it still only makes up 15 percent of the business. However, this share could grow significantly over coming years, says CEO Søren Nørgaard Thomsen to ShippingWatch. He is ready to invest in more tonnage.

Esvagt's revenue surpassed USD 150 mil amidst industry crisis

Offshore carrier Esvagt's revenue surpassed USD 150 million in 2015, a notoriously challenging year for the industry. The carrier, which was acquired from the Maersk Group by two equity funds last year, is bracing itself for a tough 2016 with a savings plan.

Esvagt runder en milliard i kriseår for branchen

Det danske offshorerederi Esvagt rundede en milliard kr. i omsætning i 2015, hvor branchen ellers var hårdt udfordret. Selskabet, der overgik fra Maersk til to fonde i det forgangne år, forbereder sig nu på et svært 2016 med en spareplan.

Intense criticism of Atlantic Offshore rescue sale

Bondholders aim harsh criticism at the management at Atlantic Offshore after the rescue plan announced earlier this week. "Total absence of good management," they write. Søren Nørgaard Thomsen, CEO of competitor Esvagt, is disappointed in the downturn and is following the case.

Sønderlemmende kritik af Atlantic Offshore-redning

Obligationsejerne retter en benhård kritik af ledelsen i den norske Esvagt-konkurrent Atlantic Offshore efter gårdagens redningsaktion. "Totalt fravær af god ledelse," lyder det. Esvagts direktør Søren Nørgaard Thomsen ærgrer sig over nedturen og følger sagen tæt.

Esvagt signs ten-year contract with MHI Vestas

Offshore carrier Esvagt has signed a new contract to service MHI Vestas' wind project Nobelwind off the coast of Belgium. The partners will design a new vessel for the project, set to be built in cooperation with Norwegian Havyard.

Esbjerg er blevet offshore-byen der ikke vokser

Der burde slet ikke være en så stor by her på kanten af Danmark. Men antallet af arbejdspladser på havet vokser, så Esbjerg er ved at forvandle sig – igen. Det er dog mere end svært at tiltrække nye indbyggere til Havets by.

To fonde køber Esvagt for milliarder

Kapitalfondene 3i Infrastructure og AMP Capital har købt Esvagt af Maersk Gruppen og Ese-Holding. Købet ventes at gå igennem i slutningen af september.

Avis: Salg af Esvagt sker inden sommer

A.P. Møller - Mærsk lykkes sandsynligvis med at sælge Esbjerg-rederiet Esvagt inden sommerferien. Flere internationale kapitalfonde i spil, skriver Børsen.

Kent Kirk sår tvivl om enighed bag salgsplaner af Esvagt

Stifterne af Esvagt synes ikke indstillet på at sælge sin andel på 25 procent af offshorerederiet, mens Maersk angiveligt har sat sin ejerandel til salg. "Esvagt er ikke en del af vores kerneforretning," oplyser Maersk til ShippingWatch.

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