Norwegian offshore magnate is trying to start a new company

Former Norwegian offshore billionaire Åge Remøy, who owned Rem Offshore until its merger with Solstad Farstad, is in the process of investing in a new offshore shipping company. But financiers are less positive about the project, reports Dagens Næringsliv.

Rem Offshore became a part of Solstad Farstad. Photo: Solstad

Åge Remøy is trying to get back into the offshore shipping business with the new company Forland, after his former company Rem Offshore was acquired by Solstad Farstad in a maneuver conducted by the Norwegian investor Kjell-Inge Røkke.

Forland is an offshore shipping company with two new Subsea vessels, and Remøy's original plan was invest NOK 100 million (USD 12.3 million) in the company in order to enable a bank and bond loan that Forland needed, writes Norwegian business daily Dagens Næringsliv.

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