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ESVAGT is now third biggest in the UK (Central North Sea)

Press Release   •   Oct 16, 2017 09:28 BST

ESVAGT has gained market share in the UK and now has 14 vessels on contract.

After focused efforts, ESVAGT is now strongly established in the British sector of the North Sea, where the shipping company now has 14 vessels on contract.

Almost every third vessel in ESVAGT’s fleet is currently working in the British sector of the North Sea. The latest move was ESVAGT’s securing of a two year contract for the ’Esvagt Cobra’ with Petrofac Facilities Management Limited in the Kittiwake field in the UK sector, starting in the middle of October with an option for a further year. This represents a long term contract in an important production segment.

“Building up ESVAGT’s presence in the British market has been a focused effort that is now bearing fruit. It is part of our strategy to gain market share in the UK,” says Søren Karas, Chief Commercial Officer for ESVAGT.

The UK has the world’s largest standby market and is strategically important for ESVAGT. Efforts to increase market share have meant that ESVAGT has progressed from a very modest presence to having 14 vessels in the UK, an ESVAGT office in the port of Aberdeen and an appetite for continued growth:

“The British sector of the North Sea is particularly active with many strong players and tough competition. We have won market share by focussing on the competences that set ESVAGT ahead of the competition: our uncompromising attitude to safety, our high quality and our innovative approach. And that is how we will continue to drive our growth in the UK,” says Chartering Manager, Jens Bagger.

With its 14 vessels, ESVAGT is the 3rd largest independent operator on the British market (Central North Sea). 

About ESVAGT

ESVAGT is a dedicated provider of safety and support at sea, founded on an experienced and well-trained offshore crew and unmatched rescue capabilities.

We support the offshore Oil & Gas industries with a wide range of specialized services: Standby, Emergency Response and Resque Vessels (ERRV), Oil spill response, Firefighting, Tanker assists, Rig moves, Supply services and Interfield transfer of cargo and personnel.

In 2010, ESVAGT brought the dedicated offshore wind Service Operation Vessels (SOV) to the market. The SOVs provide accommodation for technicians, spare time facilities, offices and conference room, storage for small turbine parts, workshops, etc. The SOV offers flexible personnel and equipment transfer capabilities by either Walk-to-Work gangway system or Safe Transfer Boats.

ESVAGT was founded in 1981 and has a fleet of more than 40 vessels and approximately 900 employees on- and offshore.