Fairstar Heavy Transport awarded USD 9.6 million float-over contract by Saipem S.p.A. / Fleet Update
(Thomson Reuters ONE) -
Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Saipem
S.p.A. to provide float-over and installation services to Saipem for the 8,000
tonnes CMMP Platform in the Persian Gulf, off-shore Iraq. Saipem has contracted
the new 50,000DWT semi-submersible vessel FINESSE for the transportation of the
CMMP module from the fabrication facility in Karimun, Indonesia in the second
half of 2013.
Philip Adkins, Chief Executive Officer of Fairstar commented on the new Saipem
contract and provided a fleet update: "The Saipem contract to install the CMMP
Platform in the Persian Gulf is another example of Fairstar's competitive
dominance at the high value segment of the marine heavy transport industry. A
float-over operation of this magnitude requires significant engineering skills
and a broad range of project management experience. Fairstar has already
established itself as the leading provider of module transportation for major
LNG projects. Gorgon and Ichthys validated our on-shore dominance. Golden Eagle
and the CMMP float-over show an equal facility to deliver safe and reliable
transportation of high-value off-shore assets to our EPC clients.
The FJORD is now "on contract" for Gorgon and is expected to load the first
modules for transport to Barrow Island in May. The FJELL has safely loaded two
power generating barges in Bonny, Nigeria and will sail to Escravos, Nigeria
tomorrow. Once the power generating barges have been discharged near the Chevron
EGTL facility, the FJELL mobilize towards Asia and undergo preparations for
Gorgon."
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/1610100/511638.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#1610100]
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Datum: 08.05.2012 - 15:58 Uhr
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News-ID 1112167
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