Esvagt forms offshore wind joint venture with South Korean company

"We have a strong industrial base in South Korea but lack experience and the standard of service quality in the offshore wind industry," added James Jonghoon Kim, President and CEO of KMC Line.

Kim said that the combination of Esvagt's expertise and experience in SOVs with KMC Line's regional maritime knowledge will enable KESTO to, "raise the bar for both safety and service quality in the industry."

The establishment of the KESTO joint venture marks the start of Esvagt's expansion in Asia.