Fairstar Heavy Transport N.V. (FAIR) has been awarded a new contract to transport the drilling rig OFFSHORE VIGILANT from Port of Spain, Trinidad to Vung Tau, Vietnam on Fairstar's semi-submersible vessel FJELL. The contract value is USD 2.9 million.
FJELL has just safely discharged two concrete power generating barges for the Chevron EGTL project in Escravos, Nigeria and is en route to Port of Spain. The OFFSHORE VIGILANT is expected to be loaded on the FJELL at the end of MAY.
Willem Out, COO of Fairstar, commented: "It is business as usual at Fairstar. This voyage positions FJELL almost perfectly to be in the Far East just in time to begin her work on the Gorgon contract in August. Once the rig has been safely discharged, we will put FJELL into dry-dock and prepare the ship for Gorgon certification."
For further information please contact:
Philip Adkins, CEO (philip.adkins@fairstar.com (mailto:philip.adkins@fairstar.com))
Ingmar den Blanken, Treasurer (ingmar.den.blanken@fairstar.com (mailto:ingmar.den.blanken@fairstar.com))
Web: www.fairstar.com (http://www.fairstar.com/)
Tel: +31 (0)10-403 5333
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Profile Fairstar Heavy Transport:
Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport solutions, specializing in high-value cargoes for the offshore and onshore energy and construction industries. Fairstar owns and operates two of the most modern semi-submersible heavy transport ships in the global fleet, FJORD and FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are currently under construction with Guangzhou Shipbuilding International in China and will be owned and operated by Fairstar when they are delivered in May and October of 2012 respectively. Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange (ticker: FAIR).
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Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
