Norwegian shipowner Rem Offshore has turned in a stellar performance for the second quarter of this year, thrashing analyst estimates in the process.
Rem, which is listed on the Oslo bourse’s Axess board, chalked up a huge 58% margin for earnings before interest, tax, depreciation and amortisation (Ebitda). This margin comes from NOK 335m ($54.3m) in revenue and NOK 195m ($31.6m)
