Record results for Rem Offshore Holding

Record results for Rem Offshore Holding

Jun 22, 2026

 

Photo: Strong 2025 results in Rem Offshore, here represented by onshore employees in Fosnavåg, with CEO Lars Conradi Andersen and Chairman Åge Remøy in the center.

 

 

Rem Offshore Holding AS delivered a strong performance in 2025, driven by high fleet utilization, solid long-term contracts, and a modern fleet serving the offshore service, subsea, seismic, and renewable markets. The Group’s operating and other income amounted to NOK 1.98 billion, up from NOK 1.82 billion the previous year, and the fleet achieved a utilization rate of 96%.

EBITDA reached NOK 1.27 billion in 2025, compared to NOK 1.15 billion in 2024. Net profit for the Group was NOK 1.03 billion in 2025, compared to NOK 343 million in 2024. The result includes an accounting gain of approximately NOK 240 million from the sale of the PSV vessel Rem Supporter.

The Group also strengthened its balance sheet throughout the year. At year-end 2025, Rem Offshore Holding had equity of NOK 2.7 billion, corresponding to an equity ratio of 53.6 percent. Cash and cash equivalents amounted to NOK 656 million, and the Board considers the Group’s financial position and liquidity to be solid.

 

“2025 was another strong year for Rem Offshore. We have maintained high activity, strong earnings, and a solid financial position, while continuing to invest in a modern and more energy-efficient fleet. Our employees at sea and onshore are doing a tremendous job, and we are well positioned for further growth in the years to come”
Lars Conradi Andersen

CEO

Rem Offshore continues to invest in low-emission and energy-efficient vessel technology. The newbuilding program includes three modern, energy-efficient vessels, including the construction vessel Rem Pioneer, scheduled for delivery in Q3 2026, and the IMR vessel Rem Ocean, to be delivered in Q2 2027 and entering a long-term IMR contract on the Norwegian continental shelf for DeepOcean. Both vessels will operate on methanol and diesel, enabling significant emission reductions.

The Board expects continued high fleet utilization and a solid financial position in 2026, supported by a strong order backlog and long-term contracts. As of June 2026, the company has an order backlog of NOK 6.2 billion. Market outlook remains positive, although developments may still be affected by factors such as energy prices, currency fluctuations, interest rates, and general market conditions.

Rem Ocean hull delivered – vessel begins journey towards Norway

Rem Ocean hull delivered – vessel begins journey towards Norway

Jun 22, 2026

 

Rem Offshore is pleased to announce that Rem Ocean was delivered from the hull yard in Song Cam, Vietnam on 15 June, marking the successful completion of the hull construction phase. The delivery represents a major milestone in the project. 

 

 

 

The scope of work has been completed to a very high shipbuilding standard. In my assessment, this is among the finest hulls ever delivered to the Sunnmøre region, providing a strong foundation for a smooth and efficient outfitting phase at Myklebust Verft.
Kristian Stavset

Head of Projects

 

Following delivery, Rem Ocean has now commenced her voyage from Vietnam to Norway. The tow began from the Hai Phong area on 17 June, and the vessel will proceed via Singapore before continuing towards Europe. This journey marks the transition from hull construction to the final outfitting and completion phase.

Once in Norway, Rem Ocean will arrive at Myklebust Verft, where the vessel will be outfitted with all major systems and mission equipment. This phase will transform the hull into a fully operational offshore vessel, ready to deliver on its intended role.

Rem Ocean is part of Rem Offshore’s next generation of construction vessels, designed to meet demanding offshore operations while supporting more sustainable solutions for the future. 

The delivery and departure from Vietnam highlight the strong collaboration between yard, project team, and partners involved in the build. With the vessel now underway, the project continues to progress according to plan.

Rem Offshore looks forward to welcoming Rem Ocean to Sunnmøre and progressing towards final delivery.

 

 

 

Insurance Renewal Event 2026

Insurance Renewal Event 2026

Jan 28, 2026

 

As part of the 2026 insurance renewal process, Rem had the pleasure of welcoming all our corporate insurance partners and our broker to Fosnavåg on January 22nd for a full day program.

 

 

We started the day with a company update from Rem management, followed by an introduction to the newbuild TBN Rem Pioneer presented by our Head of Project. After a productive morning and lunch at the office, we continued to Myklebust Shipyard by bus.

At Myklebust Yard, the group received a yard introduction, safety briefing, and a guided tour onboard the vessel by the site team.

The final stop of the professional agenda was a visit to Evotec, where we were introduced to the company’s products for the upcoming Rem vessels. We also toured the production hall, where the LARS system for TBN Rem Pioneer was ready for shipment.

We rounded off the day with a lovely dinner at Thon Hotel Fosnavåg, enjoying local ingredients and great conversations.

Bringing a large group to the Northwest coast of Norway in late January can be a weather gamble, but this time, we were truly lucky.

A big thank you to Myklebust Yard, Evotec, and Aon for helping us facilitate this valuable and inspiring event!