Contract opens new market in China for FairstarProjects and Operations // October 16, 2009
Fairstar Heavy Transport has entered into a contract with Zhenhua Logistics Group, an operating subsidiary of China Communications Construction Company Ltd, for the transport of two self-propelled hopper barges and one crane barge from Jeddah, Saudia Arabia to Dubai.
Directly after discharging the Perro Negro 3 drilling rig for Saipem, which is currently being loaded in India, Fjell will sail to Jeddah. The contract is valued at US$1.4 million and the transit time is expected to be seven days.
Fairstar’s CEO, Philip Adkins, said: ”The market in China offers Fairstar a new range of opportunities. Zhenhua Logistics is a well-established user of heavy transport services. The current market is extremely competitive. Zhenhua Logistics was spoiled for choice. We appreciate their confidence in the Fairstar Team. This is our first foray into China and it provides us with another opportunity to establish Fairstar as a leader in the harsh and demanding world of offshore heavy transport.”