FAIRSTAR awarded USD 1.9 MILLION transportation contract by VAN OORD
(Thomson Reuters ONE) -
Fairstar Heavy Transport N.V. (FAIR) has been awarded a transportation contract
by Van Oord Ship Management B.V. The Fairstar semi-submersible vessel FJELL will
sail to the Sakhalin peninsula in Russia to load a cargo of split hopper barges,
a cutter suction dredger and other related dredging equipment. The FJELL will
sail to Sakhalin immediately after discharging the Fugro Seacore's Eunsung 1200
rig in Dampier.
Judith van den Dood, a member of the Client Services Team at Fairstar stated:
"This is our first opportunity to work for Van Oord, one of the world's leading
Marine Contractors. Safely moving their valuable dredging assets out of Sakhalin
before winter ice sets in will require the planning and preparation we believe
distinguishes Fairstar from low-cost competitors. Weather risk in colder
climates adds an additional dimension of complexity to this project. Our crews
have been well-trained to operate in a harsh loading environment and we are
determined to deliver this cargo safely and reliably to Singapore."
The total contract value is USD 1.9 million. The transit time is 12 days from
Sakhalin to Singapore.
"The FJELL has found a valuable niche in the current spot market. We expect
FJELL to continue to book cargoes in the next few months that will improve
overall fleet utilization at attractive rates", stated Willem Out, Managing
Director Fleet.
For further information please contact:
Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Mark de Haas, CFO (mark.de.haas(at)fairstar.com)
Web:www.fairstar.com
Tel: +31 (0)10-403 5333
***
Profile Fairstar Heavy Transport
Fairstar Heavy Transport N.V. is a provider of long-distance ocean
transportation services for the offshore and onshore energy and construction
industries. Fairstar operates two of the world's largest and most modern self-
propelled semi-submersible heavy transport vessels, FJORD and FJELL. Fairstar's
third ship, the 50.000 dwt semi-submersible heavy transport vessel FORTE is
currently under construction in China and is expected to be delivered in early
2012. Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange
(ticker: FAIR).
For more information: www.fairstar.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1451152]
Press release PDF:
http://hugin.info/143837/R/1451152/392338.pdf
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Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 12.10.2010 - 12:38 Uhr
Sprache: Deutsch
News-ID 45113
Anzahl Zeichen: 0
contact information:
Town:
ROTTERDAM
Kategorie:
Business News
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"FAIRSTAR awarded USD 1.9 MILLION transportation contract by VAN OORD"
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