Fairstar Heavy Transport

Description

Fairstar Heavy Transport NV is the 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).


Latest Fairstar Heavy Transport News

Fairstar Heavy Transport awarded USD 9.6 million float-over contract by Saipem S.p.A. / fleet update

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 transpor... Wednesday, May 9, 2012

Fairstar Heavy Transport N.V.'s FJELL awarded new contract and FJORD arrives in Korea for Gorgon preparations

Fairstar Heavy Transport N.V. (FAIR) has signed a contract with Aveon Offshore Limited to provide marine transportation services for the Chevron OAGM project in Nigeria. The FJELL will transport two power barges from the Bonny River in Nigeria to the Escravos Area. The contract value is USD 1.2 mill... Thursday, March 29, 2012

Fairstar Heavy Transport N.V. awarded marine transportation contracts for the Ichthys LNG Project in Darwin

Fairstar Heavy Transport N.V. (FAIR) has been awarded two contracts by the JKC Joint Venture (JKC) consisting of JGC and Chiyoda of Japan and KBR of the United States, to provide marine transportation services for the Ichthys LNG Project in Darwin, Australia. The two contracts engage the Fairstar 50... Monday, March 5, 2012

Fairstar Heavy Transport N.V. Q4 operating profit through 83% fleet utilization

Revenues were up almost 300% from the same Period in the previous year. Fairstar's operating profit signaled a change in fortunes from the first three quarters of 2011. Fairstar's fleet of FJORD and FJELL achieved 83% utilization for The Quarter, significantly higher than levels reported by ... Friday, March 2, 2012

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