Fairstar FORTE achieves scheduled floatation milestone

Fairstar FORTE achieves scheduled floatation milestone

ID: 67869

(Thomson Reuters ONE) -


Fairstar Heavy Transport N.V. (FAIR) reports the 50,000 DWT semi-submersible
vessel FORTE was floated away from the flooded dry-dock facility in Qidong,
China on schedule, September 18(th) 2011.

Willem Out, Chief Operating Officer of Fairstar, reported from Qidong "the FORTE
was a magnificent sight as it floated out.
Guangzhou Shipbuilding International (GSI) continues to impress us with their
commitment to meeting milestones on schedule. All of the major equipment has
been installed in the vessel. Most of the piping spools have been fitted and a
significant amount of cables have been pulled.
The Fairstar Site Team will continue to work closely with our partners as we
continue towards the start of the commissioning process.
The formal naming ceremony of the FORTE will occur after we complete sea trials
in April 2012. The FORTE will play a critical role in the transportation of
modules for the Gorgon LNG Project in 2012. We are confident that Fairstar will
meet its contractual undertaking to provide the FORTE on time for Gorgon."

Photographs of the keel laying can be found on the Fairstar website:
www.fairstar.com


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/1548393/475820.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
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originality of the information contained therein.

Source: Fairstar Heavy Transport NV via Thomson Reuters ONE

[HUG#1548393]


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Bereitgestellt von Benutzer: hugin
Datum: 20.09.2011 - 18:06 Uhr
Sprache: Deutsch
News-ID 67869
Anzahl Zeichen: 2852

contact information:
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ROTTERDAM



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