AndhraNews.net
Home » Business News » 2012 » April » April 10, 2012

Fairstar Heavy Transport N.V. announces the commencement of sea trials for the FORTE and the launching of the FINESSE


April 10, 2012 - London

Fairstar Heavy Transport N.V. (FAIR) announced the Company's new build 50,000DWT semi-submersible vessel FORTE has departed the quayside and begun a series of tests and sea trials off the coast of China. The sea trials will be under the supervision of Det Norske Veritas (DNV), the vessel's Classification Society.
Willem Out, COO of Fairstar, commented from the Bridge of the FORTE "I have been in the shipping business for almost 40 years, out of which I have been at sea for over twenty years on many different types of vessels. This is one of my proudest moments at Fairstar and one of the most satisfying for me personally. Our crew on board the FORTE are all full time Fairstar professionals; a combination of veterans from the FJORD and FJELL as well as a number of newly hired Dutch mariners and engineers.
Our partners at Guangzhou Shipyard International (GSI) have done an excellent job. They have maintained a disciplined schedule and we are totally satisfied with the design of the ship and the quality of her construction.
We look forward to testing her limits over the next two weeks. After she returns to Port, we will begin to prepare for the formal naming ceremony on May 23.
In July, FORTE will be on contract for the next two years in the Gorgon LNG Project. She is scheduled to transport some of the biggest and most valuable modules from Korea to Barrow Island, Australia over the course of our time charter. The FORTE will be delivered on time and on budget."

The FORTE's sister ship FINESSE was launched from the dry-dock in Qidong on Thursday, April 5. FINESSE is scheduled for delivery to Fairstar in Late October 2012.

Recently taken photographs of both vessels can be found on Fairstar's website, www.fairstar.com

For further information please contact:
Philip Adkins, CEO (philip.adkins@fairstar.com)
Ingmar den Blanken, Treasurer (ingmar.den.blanken@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)



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#1601031

GlobeNewswire

Comment on this story

Share