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I Stig Remøy in front of his office in Fosnavåg. “We saw an opportunity and took it.”<br />

is an attribute that entices operators, oil<br />

companies and other offshore enterprises<br />

around the world to look to the Norwegian<br />

maritime cluster for assistance. Brazil is one<br />

such market where Olympic and the rest of<br />

the Norwegian offshore supply industry is<br />

facing great opportunities these days.<br />

“Brazil represents unique and unparalleled<br />

opportunities for the offshore supply<br />

industry. Companies here are moving from<br />

shallow to deep waters and are looking for<br />

expertise. Olympic will be a part of this<br />

adventure,” says Mr Remøy.<br />

AN ENVIRONMENTALIST<br />

Mr Remøy is a man of ambition also when<br />

it comes to environmental performance.<br />

In its vision, Olympic emphasises its<br />

responsibility towards the environment.<br />

However, the path towards a focus on the<br />

environment in shipping has been long.<br />

Mr Remøy recalls: “The first vessel contracted<br />

by Olympic in the mid-1990s had<br />

one of the first diesel-electric engines.<br />

At that time, these vessels were NOK<br />

12–15 million more expensive than those<br />

with diesel-mechanical engines. Today,<br />

although far from being where we should<br />

be, everybody talks about environmental<br />

management in shipping. And Olympic is<br />

indeed walking the talk when it comes to<br />

the environment. The company operates<br />

several diesel-electric hybrid propulsion<br />

offshore construction vessels. As opposed<br />

to crude oil tankers where the ratio of<br />

steel to technology is 80/20, these vessels<br />

contain 80% technology and 20% steel.<br />

Furthermore, they represent a 95% reduction<br />

in NOx emissions and a 50% reduction<br />

in energy consumption compared to<br />

conventional vessels. And what is more,<br />

the company is currently building a liquefied<br />

natural gas (LNG) vessel which will<br />

represent a 92% reduction in NOx emissions,<br />

a 23% reduction in CO2 emissions,<br />

a 100% reduction in SOx emissions and in<br />

the emission of particles compared to conventional<br />

vessels.<br />

THE PROFESSOR<br />

In the end, however, Mr Remøy believes it<br />

is not enough for the industry to invest in<br />

innovation and new technology.<br />

“If Norway is to continue to excel within<br />

this sector, we need to acquire even more<br />

knowledge and expertise. That is something<br />

the education system must also take<br />

into account. Olympic has therefore sponsored<br />

a professorship at Ålesund University<br />

College for the past year.<br />

“In the end,” says Stig Remøy, “it comes<br />

down to the ability to dream and be innovative.<br />

Like Walt Disney said – If you can’t<br />

dream it, you can’t make it.”<br />

no 01 2012 – 31

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