Fairstar Heavy Transport N.V. vessels FJORD and FORTE awarded contract extensions by Chevron Australia
(Thomson Reuters ONE) -
Fairstar Heavy Transport N.V. (FAIR) has signed two contract extensions with
Chevron Australia.
The Fairstar semi-submersible heavy transport vessels FJORD and FORTE will
provide marine transportation of modules and other related equipment over a
series of voyages commencing in mid 2012 for thirteen months and seventeen
months respectively. The total value of the extensions is approximately USD $19
million.
The total value of the three transportation contracts involving the FJELL, FJORD
and FORTE is approximately USD $110 million. The total does not include various
options to extend the contract periods.
The Gorgon Project is operated by an Australian subsidiary of Chevron and is a
joint venture of the Australian subsidiaries of Chevron (approximately 47
percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent),
Tokyo Gas (one percent) and Chubu Electric Power (0.417 percent).
Philip Adkins, CEO, stated: "This information has been previously released to
the market. Our good friends in the Chevron Australia Legal Department have a
particular format they prefer to be used and we have acted accordingly."
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/1549953/477073.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#1549953]
Unternehmensinformation / Kurzprofil:
Datum: 26.09.2011 - 16:25 Uhr
Sprache: Deutsch
News-ID 69532
Anzahl Zeichen: 2931
contact information:
Town:
ROTTERDAM
Kategorie:
Business News
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"Fairstar Heavy Transport N.V. vessels FJORD and FORTE awarded contract extensions by Chevron Australia"
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