Last 59.00 NOK
Change Today 0.00 / 0.00%
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As of 10:25 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

rem offshore asa (REM) Snapshot

59.00 NOK
Previous Close
59.00 NOK
Day High
59.00 NOK
Day Low
59.00 NOK
52 Week High
12/30/13 - 69.50 NOK
52 Week Low
09/6/13 - 48.00 NOK
Market Cap
Average Volume 10 Days
12.28 NOK
Shares Outstanding
1.50 NOK
Dividend Yield
Current Stock Chart for REM OFFSHORE ASA (REM)

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rem offshore asa (REM) Details

Rem Offshore ASA operates offshore vessels in Norway and internationally. The company offers a range of offshore ship services, such as freight and supply-related services, as well as tugging, anchorage, and other maintenance services related to oil fields. It operates supply and anchorage vessels. The company offers its services in the North Sea and the Mediterranean Sea areas, as well as in the Middle East and Australia. It serves oil companies, offshore service companies, and other similar companies. The company was founded in 1978 and is headquartered in Fosnavåg, Norway.

Founded in 1978

rem offshore asa (REM) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 1.9M NOK
Chief Financial Officer
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

rem offshore asa (REM) Key Developments

Rem Offshore ASA Enters into a Ship Building Contract

Rem Offshore ASA has entered into a new building contract for one OCV vessel at Vard. The vessel is of the Vard 2 06 design with overall length of 100 meters and a beam of 25 meters. The vessel will be equipped with a 150 ton offshore crane, ROV hangar, prepared for A-frame and accommodation for 90 people. The vessel will be winterized with also ICE 1B hull and so specially designed for the climate in the arctic areas. The vessel will be used for project work including anchor handling as a part of the vessels capacity. The bollard pull will be approx. 400 ton. Delivery from yard will be 1th quarter 2016. The building cost for the vessel is approx. NOK 800 million.

Rem Offshore ASA Enters into Charter Agreement with Micoperi Srl

Rem Offshore ASA has entered into a charter agreement with Micoperi Srl for the OSV vessel Rem Pioneer. The vessel is of MT 6022 L design, and will be delivered from yard 5 of June 2014. The charter has a duration of 10 months firm with further two yearly options. Commencement of the contract is after delivery from yard. Rem Offshore ASA has further entered into a new charter agreement for the MPSV vessel Rem Poseidon with Adams Offshore for three years. The new charter agreement has a firm duration to November 2017 with further two six months options.

Rem Offshore ASA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Rem Offshore ASA reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of NOK 263,538,000 against NOK 180,920,000 a year ago. Operating profit was NOK 116,238,000 against NOK 56,095,000 a year ago. Profit before tax was NOK 78,733,000 against NOK 7,085,000 a year ago. Profit for the period was NOK 78,013,000 against NOK 7,085,000 a year ago. Earnings per diluted share were NOK 3.50 against NOK 0.27 a year ago. Cash flow from operating activities was NOK 67,722,000 against net cash used in operating activities of NOK 51,364,000 a year ago. Purchases of tangible fixed assets were NOK 487,132,000 against NOK 369,556,000 a year ago. Purchases of financial current assets were NOK 10,035,000.


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Valuation REM Industry Range
Price/Earnings 4.9x
Price/Sales 1.1x
Price/Book 0.6x
Price/Cash Flow 3.2x
TEV/Sales NM Not Meaningful

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