Aage Remoy is starting afresh in Norway’s offshore sector before the ink is even dry on the shareholder approvals that formalised his exit from the direct control of offshore support vessels (OSVs).

Remoy has launched In Nord Vest, a company that has no debt and NOK 500m ($61.4m) in cash allocated for investments in the crisis-stricken offshore sector.

The move comes after Remoy was, in effect, forced out of the sector, when his shipowning company, Rem Offshore, was snatched up in a surprise move by Kjell Inge Rokke’s Aker.

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