Norway’s Olympic Subsea has signed an agreement to build a pair of construction vessels at the CMHI shipyard in Shenzhen.
The Stig Remøy-led company said the newbuilds, scheduled for delivery in the summer of 2027, will be versatile, flexible, and the most energy-efficient vessels in their class.
Olympic’s fleet expansion will serve both renewable energy and oil and gas sectors.
The shipowner didn’t disclose any financial details but noted that the project will generate contracts worth approximately NOK 1bn for Norwegian businesses, including NOK 700m for the maritime cluster in Northwestern Norway.
The vessels, designed by Kongsberg Maritime in close collaboration with Olympic, will feature the UT7623 SEV (sustainable energy vessel) design and “exceed the requirements of the Paris Agreement by a significant margin.”
Stig Remøy, Olympic’s majority owner, said: “These vessels will set a new standard for energy consumption and leave an extremely low climate footprint.”
He added: “Strengthening the maritime cluster in Sunnmøre is an investment in our own future. In the long run, it secures our values and jobs while also benefiting local communities. This is a winning formula that we will continue to follow.”
Remøy concluded: “The vessels we have now contracted can be used for infrastructure work in both the renewable energy and oil & gas sectors.”
The company expands further its fleet portfolio, with fleet revenue for 2024 expected to reach NOK 1.6bn, more than double the 2023 numbers, as the Olympic Subsea claims.
