What Rem Offshore does

Rem Offshore is a privately held Norwegian offshore vessel operator headquartered in Fosnavåg with a branch office in Varna, Bulgaria, and approximately 750 employees, of whom roughly 700 are seafarers and 47 onshore staff. The company operates a fleet of 21 modern vessels organized into three segments: Platform Supply Vessels (PSVs) for cargo and consumable transport to offshore installations; Construction Service Operation Vessels (CSOVs) — including Purus Power, Rem Energy, Rem Wind, and Rem Power TBN — purpose-built for offshore wind farm crew transfer and accommodation; and Construction Support Vessels (CSVs/IMR/ESCV) such as Rem Inspector, Rem Saltire, Rem Andes, and the under-construction Rem Pioneer and Rem Ocean for subsea installation, inspection, maintenance, and repair (IMR) work. The Rem Pioneer ESCV and Rem Ocean IMR vessel are dual-fuel methanol-powered with battery hybrid propulsion and electric cranes capable of up to 90% emission reduction on biofuel, positioning Rem as one of the first operators of net-zero subsea construction tonnage.

Revenue is generated almost entirely through time-charter contracts negotiated directly with energy operators and subsea service companies — long-term agreements of three to eight years (with the Rem Ocean/DeepOcean/Equinor charter at eight years being the largest in company history) — at contractually negotiated daily rates, supplemented by one-off vessel sales. The fleet operates primarily in the North Sea with deployment into international waters, serving enterprise customers that include Equinor, DeepOcean, DOF, and other energy majors and subsea service providers. Fleet utilization of 94–96% across 2023–2025, an order backlog of NOK 6.2 billion in firm contracts (≈NOK 8.5 billion including options) as of June 2026, and FY2025 revenue of NOK 1.98 billion (EBITDA NOK 1.27 billion, net profit NOK 1.03 billion) evidence a contract-locked, capital-intensive, asset-heavy operating model. Go-to-market is a direct enterprise sales motion through a dedicated chartering team led by a Chartering & Operation Manager and CCO, with no channel intermediaries, reinforced by ISO 9001/14001/45001/50001 certifications and ESG positioning (OSJ ESG Award 2026, 50% fleet emission-reduction target by 2030) increasingly required by European offshore energy procurement.

Name

Rem Offshore

Legal name

Rem Offshore AS

Website

https://remoffshore.no

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Rem Offshore is a privately held Norwegian offshore vessel operator running a fleet of 21 platform supply, subsea construction, and wind-service vessels under long-term time charters to enterprise energy customers including Equinor, DeepOcean, and DOF across the North Sea.

Ownership category

akta.pro rank

Product category

Offshore Support Vessel Services

NAICS

Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839), Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Water Transportation (4400)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO), Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• Offshore support vessels
• Platform supply vessels
• Subsea IMR services
• Offshore wind support
• Vessel chartering

Headquarters

HQ city

Fosnavåg

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Vessel chartering and time charter contracts: Rem Offshore operates a fleet of offshore support vessels (PSVs, CSOVs, CSVs, IMR/ESCV vessels, seismic vessels) under time charter contracts to energy companies. Revenue is generated through daily charter rates for vessel hire, crew, and support services. Contracts range from 1-year extensions to 8-year long-term charters. Revenue grew from NOK 1.38B (2023) to NOK 1.82B (2024) to NOK 1.98B (2025). Fleet utilization rates of 94-96%.
2. Subsea services support (chartered vessel operations): Provision of purpose-built subsea construction and IMR vessels with crew, cranes, and ROVs for inspection, maintenance, repair and subsea construction services. Charterers handle engineering services and execution while Rem provides the vessel and crew.
3. Offshore wind support services: CSOVs provide essential support services to offshore wind farms including crew transfer, accommodation, and logistics. Rem Energy, Rem Wind, and Purus Power serve the offshore wind segment.
4. Seismic survey vessel operations: Node seismic vessel Rem Andes provides seismic survey services. Contract extended for 1 year with DOF.
5. Vessel sale (one-time): Occasional sale of vessels such as Rem Supporter (sold with approximately NOK 240M accounting gain) and Rem Aquarius.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Rem Offshore owns and operates a modern fleet of offshore support vessels (platform supply, construction/service operation, subsea construction/IMR, and seismic vessels) which it charters to energy companies. Revenue is earned through long-term time charter contracts providing vessels, crew, cranes, and ROVs for offshore logistics, subsea inspection/maintenance/repair, and offshore wind support.

Product overview

Rem Offshore operates a modern fleet of advanced offshore vessels organized into three main segments: Platform Supply Vessels (PSVs) including Rem Supplier, Rem Server, Rem Trader, Rem Mira, Rem Insula, Rem Fortress, Rem Commander, Rem Cetus, Rem Art, and Rem Arctic for transportation of supplies to offshore installations; Construction Service Operation Vessels (CSOVs) including Purus Power, Rem Wind, Rem Energy, and Rem Power TBN for offshore wind farm support; and Construction Support Vessels (CSVs) including Rem Inspector and Rem Saltire for subsea installation, inspection, maintenance and construction services. The company is also building next-generation methanol-ready vessels: Rem Pioneer (Energy Subsea Construction Vessel) and Rem Ocean (IMR vessel), both featuring dual-fuel methanol engines and battery systems for reduced emissions. Additionally, the Rem Andes serves as a seismic research vessel. The fleet serves the offshore oil and gas, renewable energy, and subsea markets across the North Sea and international waters.

Differentiator

Problem solved

Functional benefit

Brands

• Purus Power: Construction Service Operation Vessel (CSOV) built in 2023, owned by Purus Energy AS
• Rem Energy
• Rem Wind
• Rem Ocean
• Rem Pioneer

Products and services

• Platform Supply Vessels (PSVs) Fleet of platform supply vessels (Rem Supplier, Rem Server, Rem Trader, Rem Mira, Rem Insula, Rem Fortress, Rem Commander, Rem Cetus, Rem Art, Rem Arctic) chartered to oil & gas operators for safe transport of supplies, chemicals, drilling equipment and consumables to and from offshore installations in the North Sea.
• Construction Service Operation Vessels (CSOVs) Purpose-built CSOVs (Purus Power, Rem Energy, Rem Wind, Rem Power TBN) providing support services to offshore wind farms including crew accommodation, transfer, walk-to-work, and logistics with battery-hybrid propulsion.
• Construction Support Vessels (CSVs / IMR) Subsea construction and IMR vessels (Rem Inspector, Rem Saltire) equipped with cranes and ROVs for subsea installation, inspection, maintenance, repair and construction services for subsea service companies and energy operators.
• Rem Pioneer (Energy Subsea Construction Vessel) Next-generation dual-fuel methanol ESCV with 250-tonne electric crane and battery packs, designed to perform heavy construction work in both offshore wind and subsea with net zero emissions. Delivery Q3 2026.
• Rem Ocean (IMR Vessel) Next-generation methanol-ready IMR vessel based on Skipsteknisk ST-245 design, featuring dual-fuel engines, 250-tonne crane, autonomous inspection drones, and work-class ROVs, reducing emissions by up to 90%. Will operate for DeepOcean under an 8-year charter with Equinor. Delivery Q2 2027.
• Rem Andes (Seismic Research Vessel) Node seismic vessel equipped for offshore seismic survey and data acquisition operations, chartered to seismic survey companies (contract extended with DOF).

Quantifiable outcome

• Fleet utilization rate of 96% in 2025 and 94% in 2024
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• DeepOceancoreStrategic or Co-development Partner · 21 November 2024Eight-year IMR (Inspection, Maintenance, and Repair) charter contract with Equinor for subsea operations on the Norwegian continental shelf. Rem Ocean vessel deployed under this partnership. The charter agreement is the largest in Rem Offshore's history, increasing order backlog to nearly NOK 6 billion. DeepOcean and Rem share a long history of collaboration.
• VARDcoreTechnology or Integration · 18 July 2024Contract for design and construction of CSOV (Commissioning Service Operation Vessel) with VARD. This is the third CSOV VARD delivers to Rem Offshore (after Rem Power 2023 and Rem Wind 2024). VARD 4 19 design developed by VARD Design in Ålesund. Vessel built at Vard Vung Tau in Vietnam, delivery Q4 2026.
• Myklebust VerftcoreTechnology or Integration · 21 March 2024Shipyard contracted for construction of Energy Subsea Construction Vessel Rem Pioneer (ESCV, 250-tonne crane, delivery 2026) and IMR vessel Rem Ocean (delivery 2027). Myklebust has option to build a second similar vessel. The Rem Ocean project is the largest contract in Myklebust Shipyard's history. Skipsteknisk AS and several Norwegian suppliers involved as subcontractors.
• SkipstekniskcoreTechnology or IntegrationVessel designer for Rem Pioneer (ST-245 ESCV design) and Rem Ocean (ST-245 IMR design). Developed the highly flexible platform in close cooperation with Rem and Myklebust. Skipsteknisk's designs enable the ground-breaking energy efficiency solutions.
• DOFcoreStrategic or Co-development PartnerThree-year IMR contract for Rem Inspector with DOF and Equinor for maintenance services on the Norwegian continental shelf. Rem Inspector upgraded and outfitted to support Equinor's requirements for IMR work. Also 1-year extension for seismic vessel Rem Andes and 1-year extension for supply vessel Rem Arctic.
• AonminorOthersInsurance broker partnering with Rem Offshore for the 2026 insurance renewal process. Corporate insurance partners welcomed to Fosnavåg for full-day program including yard visits.
• Bergsøy HandballminorOthers10-year naming rights agreement for Herøyhallen, now known as Rem Arena Fosnavåg. Significant investment ensuring club's continued development at elite and grassroots levels. Demonstrates commitment to developing local community.
• Fyr til FyrminorOthersMain sponsor of Fyr til Fyr 2026, one of Norway's most spectacular trail races in the coastal community of Herøy. 43 kilometres of coastal trail from lighthouse to lighthouse. Community-building initiative.
• Lovise Skarbøvik AndresenminorOthersTwo-year sponsorship agreement with Lovise Skarbøvik Andresen, Norwegian/Nordic senior champion in athletics (60m and 100m hurdles). Named Athlete of the Year by Sunnmørsposten in 2024.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Solstad Offshore: Norwegian offshore vessel operator with PSVs, AHTS, and CSV/subsea vessels serving oil & gas and offshore wind. Comparable fleet mix and North Sea exposure to Rem Offshore.
• Eidesvik Offshore: Norwegian offshore vessel operator with PSVs, subsea, and offshore wind vessels. Similar Norwegian heritage, customer base, and vessel diversification as Rem Offshore.
• DOF Group: Norwegian offshore support vessel operator with a global fleet of PSVs, AHTS, and subsea construction vessels. Directly comparable to Rem Offshore in fleet composition, North Sea focus, and customer base (including Equinor and DOF).
• ESVAGT: Danish operator specializing in SOV/CSOV and emergency response vessels for offshore wind and oil & gas. Closely comparable to Rem's CSOV business and walk-to-work capabilities.
• Edda Wind: Norwegian pure-play CSOV/SOV operator serving offshore wind developers. Most directly comparable to Rem's CSOV segment (Purus Power, Rem Energy, Rem Wind, Rem Power TBN) with similar vessel technology and customer focus.
• Siem Offshore: Norwegian offshore support vessel owner/operator with PSVs, AHTS, and subsea construction vessels. Similar North Sea customer base and service offering overlap with Rem Offshore.
• North Star Renewables: UK-based operator of SOVs/CSOVs serving the offshore wind sector. Comparable in CSOV purpose-built design and renewable energy focus to Rem's Purus Power, Rem Energy, and Rem Wind vessels.

Broad incumbents

• Tidewater: Largest global OSV operator with the broadest PSV/AHTS fleet worldwide. Provides scale comparison and global benchmark for offshore vessel economics relevant to Rem's North Sea-centric operations.
• Bourbon: French offshore marine services provider with global PSV/AHTS fleet serving oil & gas. Comparable business model and vessel types, though geographically broader than Rem Offshore.

Others

• Vard (Fincantieri): Norwegian shipyard and vessel designer that builds many of Rem's CSOV newbuilds (Rem Power, Rem Wind, Rem Power TBN). Relevant as a key supplier and ecosystem partner rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/remoffshore
• LinkedInlinkedin.com/company/rem-offshore

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rem Offshore