Esvagt's deal with TotalEnergies is logical next step

Shipping company Esvagt's deep knowledge of emergency services has been crucial to expanding its deal with TotalEnergies to also encompass new assignments. And knowledge of oil industry players can benefit the carrier in the wind industry.

Photo: PR Esvagt

Service carrier Esvagt, whose core business is risk and safety management, recently bagged a major deal with French oil giant TotalEnergies to handle emergency services as well as other, slightly less advanced transport assignments.

"In terms of competencies, it's easier for us to perform non-core activities than the reverse: Our people can also sail ships hauling cargo. But those normally-sailing freighters cannot necessarily deploy a rescue boat amid ten-meter waves and recover a person from the sea within minutes," says Søren Karas, head of strategy and chief commercial officer at Esvagt.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs