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    Steel cutting ceremony for Fairstar heavy lifter

    Vessel & ROV News // March 11, 2011

    Fairstar Heavy Transport NV has announced that steel cutting for the second of its new build 50,000 dwt open-stern semi-submersible vessels, Finesse, took place on March 5th.

    The ceremony was at the ASIC facility in Nantong, China. ASIC is the primary sub-contractor for the steel ship blocks that will make up the hull and superstructure of the vessel. The ceremony was attended by representatives of Det Norsk Veritas, Guangzhou Shipyard International (GSI) and Fairstar Heavy Transport.
    Willem Out, Chief Operating Officer of Fairstar, said: "The steel cutting ceremony is the first milestone in the construction of Fairstar’s fourth open stern semi-submersible vessel."

    "Finesse will join her sister ship Forte in 2012. We are convinced that the demand for modern, open stern, semi-submersible heavy transport ships will increase in the next two to three years."

    "Complex energy infrastructure projects both on shore and off shore will provide Fairstar with a significant opportunity to create value for our shareholders by winning tenders for multi-voyage contracts."

    "We are confident that Forte, Finesse, Fjord and Fjell will provide a solid stream of future earnings for our company.”


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