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Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total

marinesalvage by marinesalvage
December 28, 2023
in Tug&Barge&Salvage
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Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total
Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total

Norway-based offshore vessel proprietor Rem Offshore stated Wednesday it had secured a number of long-term contracts for its vessels. 

“The contracts have been signed on market terms and will ensure high fleet utilization in the coming years,” Rem Offshore stated.

The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind tasks in Taiwan. The contracts have a complete period of simply over one 12 months with start-up within the fourth quarter of 2023, with an undisclosed shopper.

Since 2019, the Rem Inspector has labored inside offshore wind with gangway providers and the commissioning of offshore wind farms.

The subsea vessel Rem Saltire has been awarded a 2-year contract for an unnamed worldwide seismic provider, and shall be used for node seismic and ROV providers globally.

The Rem Mira has secured a contract extension with the UK-focused oil agency Serica Energy till This autumn 2026. 

The Rem Insula and Rem Cetus have gained contract extensions with the oil firm Apache till the primary quarter of 2025. 

“The supply vessels will continue to cooperate well with their charterers and will support their operations on the UK continental shelf,” Rem Offshore stated.

The Rem Star and Rem Art vessels have secured two-year extensions with Norway’s Equinor and have ongoing contracts “well into 2025.”

“The supply vessels will support their operations on the Norwegian continental shelf, and Rem is pleased to continue its cooperation with Equinor. The vessels still have 3 annual options left after 2025,” Rem Offshore stated.

“It is gratifying to note that the contracts reflect both today’s market and the range of services we can offer to our good customers. We are solidly positioned in several segments with a modern and environmentally friendly fleet, and in combination with great effort from our employees, we continue to be a preferred shipping company,” says CEO Lars Conradi Andersen.

The contracts have a complete worth of simply over NOK 1.5 billion (at the moment round $138,4 million), and Rem Offshore has a complete backlog of round NOK 3 billion (at the moment round $276,8 million).

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