Offshore

New shipowner formed by Esvagt and KMC Line to ‘follow customers’ to South Korea

Danish and South Korean operations set up Kesto to chase offshore wind shipping business

James Jonghoon Kim, president and CEO of KMC Line (left), and Soren Karas, CEO of Esvagt, sign the new joint-venture partnership in Seoul, targeted at the growing South Korean offshore wind market.
James Jonghoon Kim, president and CEO of KMC Line (left), and Soren Karas, CEO of Esvagt, sign the new joint-venture partnership in Seoul, targeted at the growing South Korean offshore wind market.Photo: Esvagt/KMC
TradeWinds correspondentLondon
Published 12 May 2025, 15:13Updated 12 May 2025, 15:55
South KoreaEsvagtService operation vessels