Fairstar Heavy Transport N.V. awarded transportation contract by Hercules Offshore to transport the

Fairstar Heavy Transport N.V. awarded transportation contract by Hercules Offshore to transport the Hercules Rig 185 on the semi-submersible vessel FJELL

ID: 69699

(Thomson Reuters ONE) -


Fairstar Heavy Transport N.V. has been awarded a new transportation contract by
Hercules Offshore to transport the Hercules 185 jack-up rig from Port Gentil,
Gabon to either Pascagoula, Mississippi or Bahrain using the Fairstar semi-
submersible vessel FJELL. The contract revenue is just under USD 3 million. The
rig is expected to be loaded on board the FJELL on October 5. The final
destination will be nominated by Hercules once the rig has been loaded.

Philip Adkins, Fairstar's CEO stated "Fairstar is delighted to be working with
Hercules Offshore for the first time. Jim Stevens of High Seas Maritime Services
has represented Hercules for many years in the marine heavy transport business
and we know he sets high standards of performance for anyone that wants to work
with his client. FJELL has been en route to Alaska to begin work on the
Fertilizer Plant project. The FJELL will continue on to Alaska once the rig has
been discharged and will begin preparation to load the first stage of modules
scheduled for transport to Nigeria."

For further information please contact:

Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Web:www.fairstar.com
Tel: +31 (0)10 - 403 5333

***

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 2012.




Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange (ticker:
FAIR).




Press release (PDF) :
http://hugin.info/143837/R/1550287/477238.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Fairstar Heavy Transport NV via Thomson Reuters ONE

[HUG#1550287]


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Bereitgestellt von Benutzer: hugin
Datum: 27.09.2011 - 17:35 Uhr
Sprache: Deutsch
News-ID 69699
Anzahl Zeichen: 2796

contact information:
Town:

ROTTERDAM



Kategorie:

Business News



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