ShippingWatch

A part ofWatch Medier

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
BY
Published:

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.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

  1. Bimco to become "more proactive" at the IMO with new London office
  2. Hin Leong founder denies accusations of falsified documents
  3. DFDS to operate a hydrogen-powered ferry from 2027
  4. Arne Fredly's tanker operator postpones market recovery after new infection wave
  5. The US increases its container alliance monitoring on the heels of rate boom
  6. MPC's nightmare summer has transformed into the best market in years
  7. Shipowners fear another Maersk Etienne case and call for political action
  8. Team Tankers sells European chemical tanker fleet
  9. OECD report criticizes LNG and methanol for not being climate-friendly fuels
  10. Greek oil tanker sails into mine off the coast of Saudi Arabia
  11. Avance Gas sees a positive market looking into 2021
  12. Nordic Shipholding expects to land new loan agreement shortly
  13. Bimco calls off peak season for tanker operators
  14. Maersk Tankers after 38-day-long migrant crisis: There was no solution in sight
  15. Strained PIL reports large net loss for first half of the year
  16. Maersk-chartered ship runs aground after collision
  17. Frontline faces a fourth quarter with significant rate drops
  18. Maersk and MSC lead charge in capacity buildup on the Pacific
  19. Port of Hamburg sees drop in cargo volumes leveling out
  20. Nixon and Habben Jansen appointed chairmen of World Shipping Council

See all

Jobs

See all

See all