Fairstar to Deliver Offshore Equipment to Danish North Sea

Heerema Marine Contractors (HMC) and Fairstar Heavy Transport (FAIR) have finalized contracts for the
movement of a jacket, topside, flare boom and bridge components from South East Asia that are
scheduled for installation in the Danish North Sea. The first voyage will be made by the Fjell first quarter 2010. The second voyage will be made by the Fjord and is currently scheduled for the second quarter of 2010. The total contract revenue to be received by Fairstar is 177 days at US$80,000 per day.

Mario Kerssens, Director of Sales and Marketing for Fairstar, stated, "We are pleased to have been
selected by Heerema Marine Contractors for this project. Fjord and Fjell are ideally suited to transport these cargoes and these contracts as such are in line with our strategy of working closely with field developers requiring reliable delivery to support their time critical construction schedules."
 

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