Fairstar Heavy Transport N.V. (FAIR) has been awarded two contracts by Saipem to provide marine transportation services for the Golden Eagle Project in the North Sea.

The first voyage is scheduled in early 2013 and will involve the FINESSE. The second voyage is scheduled in early 2014 and will involve the FJORD. The total contract value is Euro 11.99 million.

For further information please contact:
Philip Adkins, CEO (philip.adkins@fairstar.com:
mailto:philip.adkins@fairstar.com)
Web: www.fairstar.com:
http://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/1580523/493506.pdf


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Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
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