FAIRSTAR FORTE Steel Cutting begins at Guangzhou Shipyard International

October 01, 2010

Fairstar Heavy Transport NV (FAIR) announces to shareholders that the steel cutting for the 50,000 DWT semi-submersible heavy transport ship FORTE commenced on September 28, 2010. Willem Out, Fairstar Managing Director for Fleet attended the ceremony along with representatives of Det Norske Veritas, Guangzhou Shipyard International (GSI) and China Shipbuilding Trading Company (CSTC).

Willem Out commented: “We have achieved our first milestone on schedule. Fairstar believes our partnership with GSI will reward our shareholders with a vessel that will enter service in 2012 on time and on budget. Our partners at Chevron Australia Pty Ltd and Kellogg Joint Venture - Gorgon will be monitoring our progress carefully. Shipbuilding is a complex and challenging undertaking. We are confident that GSI is fully committed to make this project a success.”


Image by Fairstar Heavy Transport NV (FAIR)

Fairstar Heavy Transport NV (FAIR)