Fairstar Heavy Transport awarded USD 2.9 million rig transportation contract by Seadrill

Fairstar Heavy Transport awarded USD 2.9 million rig transportation contract by Seadrill

ID: 147319

(Thomson Reuters ONE) -


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(at)fairstar.com)
Ingmar den Blanken, Treasurer (ingmar.den.blanken(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 May and
October of 2012 respectively. Fairstar is based in Rotterdam and quoted on the
Oslo Stock Exchange (ticker: FAIR).




Press Release (PDF):




http://hugin.info/143837/R/1612828/513524.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#1612828]


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Bereitgestellt von Benutzer: hugin
Datum: 16.05.2012 - 12:56 Uhr
Sprache: Deutsch
News-ID 147319
Anzahl Zeichen: 2651

contact information:
Town:

ROTTERDAM



Kategorie:

Business News



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