Fairstar Heavy Transport NV (FAIR) has been awarded a contract by Grinaker - LTA Construction Nigeria Ltd., Nigeria, a member of the Worley Parsons Group. The Fairstar semi-submersible vessel FJORD departed from its home port in Rotterdam on January 21 and is now sailing to a rendezvous point in the vicinity of the Chevron EGTL facility in Escravos Nigeria. The total contract value is approximately USD 900 thousand and requires approximately six transportation/ project days.

Chris Muilwijk, Sales Team Leader of the Fairstar Client Services Group, pointed out; "The FJORD and her crew have a unique reputation in the marine heavy transport industry. No other vessel in the world can match the FJORD's combination of shallow draft and huge deck space. The sandbar at the entrance of the Escravos River continues to thwart the efforts of our competitors to provide transportation and support solutions for activities in and around the EGTL Project. We are pleased to be involved with Grinaker in this important assignment and we are well aware of who will be watching us perform."

Philip Adkins the Fairstar Chief Executive Officer added; "Fairstar has strived to establish a reputation in the energy industry as a provider of marine heavy transportation solutions beyond the scope and imagination of our competitors. Our work for Northern Off-Shore above the Arctic Circle in the middle of a harsh Norwegian winter and the innovative launching of the Marettimo M in Sicily by the FJELL underscore the complexity of our products and highlight the value of our ships and the people who operate them. This new assignment is not especially significant in revenue terms. However, it is critical in extending our reputation within our key client base. Leadership in our industry will be determined by commitment, innovation and performance, not by size."