Esvagt to get most of its revenue from offshore wind by 2025

Growth in offshore company Esvagt's wind business will accelerate, as the company aims to gain 70 percent of its revenue from wind by 2025. More work for the shipping company's SOVs in particular will increase activity levels, CEO Peter Lytzen tells ShippingWatch.

Photo: PR/Esvagt

Offshore service ship operators have for a long time now been shifting their focus toward the offshore wind sector.

Danish company Esvagt is continually rolling out its strategy to follow market developments as oil and gas slow down.

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