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Stig Remøy grew up on Remøy, an island in Herøy, a municipality with a long history of fishing. His father and grandfather were fishing masters, and it was natural for him to choose the same profession.
Stig Remøy is educated as a Master Mariner from Kristiansand Maritime and Technical College. At the age of 19, Stig Remøy together with his father, brothers and some other investors invested in a fishing vessel with a market value of NOK 6 million. The vessel was built in 1941. Stig Remøy became master at the age of 21 on factory trawlers operating in Greenland, the Barents Sea, the North Sea, off the coast of Alaska, New Zealand etc.
Throughout the eighties and early nineties, Stig Remøy made further investments within fishing while at the same time becoming involved in the offshore industry through acquisition of shares in Sævik Supply AS. In 1994, after a few turbulent years, Stig Remøy bought the PSV Northern Commander and renamed the vessel Olympic Commander. This purchase was the forerunner to Olympic Shipping AS, which Stig Remøy established along with Bjørn Kvalsund in 1996. At the time, Olympic Shipping AS operated two offshore vessels and one trawler. These three aged vessels had a total market value of NOK 120 million. Today, the Olympic Group has close to 1 000 employees, operating 26 modern vessels worldwide. Olympic has, since its inception, invested approximately NOK 12 billion in sophisticated vessels of Norwegian design and technology, built at Norwegian yards.