Rem Offshore Signs Seven New Long-Term Charters

Norwegian-based Rem Offshore has today announced that several long-term contracts on market terms have been signed for employment of their vessels in the coming years.

The “Rem Inspector” a subsea vessel built in 2013 which since 2019 has worked within offshore wind with gangway services and commissioning of offshore wind farms, has been awarded contracts for work on offshore wind projects in Taiwan for a total duration of just over one year with start-up Q4 2023.

The subsea vessel “Rem Saltire” has been awarded a two-year contract for an international seismic supplier and will be used for node seismic and ROV services globally, Rem Offshore says in its statement.

Furthermore, the “Rem Mira” has extended its contract with Serica Energy until Q4 2026, and “Rem Insula” plus “Rem Cetus” have extended their contract with Apache until Q1 2025. These supply vessels will continue to operate on the UK continental shelf for these mentioned charterers.

Finally, the “Rem Star” and the “Rem Art” have extended two years with Equinor ASA and have ongoing contracts well into 2025 with three annual options left after 2025.

These two supply vessels will support their operations on the Norwegian continental shelf, and Rem Offshore “is pleased to continue its cooperation with Equinor,” as it is said.

Lars Conradi Andersen, chief executive of Rem Offshore said: “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.”

The company notes that these new contracts have a total value of just over NOK 1.5 billion (about $138m), and it has a total contract backlog of around NOK 3 billion (about $276m).

The Rem Offshore fleet currently consists of 19 vessels in operation and 1 vessel under construction with world-wide operation ranging from Taiwan through India, to the North Sea and Guyana.