Remøy Shipping sold to ZOSCO

Remøy Group has completed the sale of Remøy Shipping, including the companies Remøy Shipping AS, Rem Stadt AS and RS Crewing AS, to ZOSCO. The transaction secures Remøy Shipping continued operations, access to new capital and a stronger platform for long-term development.

ZOSCO is the leading provider of offshore services in the Kingdom of Saudi Arabia and has been offering diversified offshore and marine support services to the oil and gas industry since 1977. The core business offering includes offshore marine and diving services, offshore construction and hookup services, as well as port towage and pilotage operations.

- Sufyan Al Zamil, ZOSCO CEO stated that the acquisition of Remøy Shipping marks a transformative step for ZOSCO as we grow our marine operations into the Norwegian region. We are very proud of adding Remøy Shipping to our portfolio, a company that has a long and successful history in the industry. We look forward to carrying on this legacy and growing it further with the Remøy Shipping management team.

Positioned for growth

For customers, employees and partners, the agreement means increased capacity, a broader service offering and reinforced stability. The combination of Remøy Shipping’s maritime heritage and ZOSCO’s resources and industrial competence creates a stronger platform for future value creation. Remøy Shipping will continue their operations as-is with a further focus on growth within the offshore energy market backed by new versatile owners and the Norwegian maritime cluster.