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ESVAGT & KMC Line sign a MoU for Korean offshore wind cooperation

By: Chloe Emanuel 28/02/2024 Esvagt

Corporate General Vessels Windfarms

One of Europe's maritime offshore wind operators, ESVAGT, supports its customers globally to enable the green transition. Now, ESVAGT is entering the Korean offshore wind market through a strategic partnership with the highly regarded and experienced Korean shipping company, KMC Line.

In the presence of the Korean ambassador in Denmark, Hyong Gil Kim; the Danish ambassador in Korea, Svend Olling, and the CEO Anne H. Steffensen of Danish Shipping, the two companies have signed a Memorandum of Understanding to cooperate in unlocking the great potential for renewable energy production in Korea through cooperation.

Peter Lytzen, CEO of ESVAGT said: "We are very proud to have signed a MoU with KMC Line and are looking forward to a fruitful partnership. We have no doubt that ESVAGT and KMC Line present a compelling offering. By combining KMC Line, a reputable shipping company with a strong presence in Korea, and ESVAGT's expertise in Europe as a leading SOV operator, we can offer the growing Korean offshore wind industry a first-class service."

KMC Line's CEO, James Jonghoon Kim also said: "Combining the two shipping companies' respective strengths is the new partnership's strongest card to secure a significant market position in the developing offshore value chain in Korea. KMC Line is dedicated to helping develop offshore wind in Korea, and we are happy to cooperate with a market leader like ESVAGT. Together, we can provide an expert and high-quality service for offshore wind and help the energy transition in Korea for many years ahead."

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ESVAGT & KMC Line sign a MoU for Korean offshore wind cooperation

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