Fairstar Heavy Transport wins float-over contract
15 May 2012
Fairstar Heavy Transport N.V. (FAIR) has won a contract by Saipem S.p.A. to provide float-over and installation services to Saipem for the 8000tns CMMP Platform in the Persian Gulf, off-shore Iraq. Saipem has contracted the new 50,000DWT semi-submersible vessel FINESSE for the transportation of the CMMP module from the fabrication facility in Karimun, Indonesia in the second half of 2013.
Philip Adkins, Chief Executive Officer of Fairstar commented on the new Saipem contract and provided a fleet update: 'The Saipem contract to install the CMMP Platform in the Persian Gulf is another example of Fairstar's competitive dominance at the high value segment of the marine heavy transport industry. A float-over operation of this magnitude requires significant engineering skills and a broad range of project management experience. Fairstar has already established itself as the leading provider of module transportation for major LNG projects. Gorgon and Ichthys validated our on-shore dominance. Golden Eagle and the CMMP float-over show an equal facility to deliver safe and reliable transportation of high-value off-shore assets to our EPC clients.