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

4C Offshore | Chloe Emanuel
By: Chloe Emanuel 28/02/2024 Esvagt

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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