Friday, August 10, 2012
Blog

It’s Friday Afternoon… Stop Thinking and Watch This Heavy Lift Video

Queue the cheesy music, we have 26 tugboats loaded on one ship… …And that ship is the 24,500 DWT heavy lift semi-submersible, M/V Fjord. The Fjord is one of four heavy...

August 10, 2012
Total Views: 83

Thursday, July 19, 2012
Engineering News

Fairstar Confirms Construction of Third Newbuild Vessel

Fairstar Heavy Transport confirmed today that on 3 May 2011 Fairstar had entered into a Shipbuilding Contract with a face value of USD 110 million with China Shipbuilding Trading Company...

July 19, 2012
Total Views: 1

Friday, July 13, 2012
you are fired job
News

Insubordinate Fairstar Board Members Are About to Get FIRED

The board members at Fairstar Heavy Transport had better start polishing up their resumes because Dockwise is about to kick them all out on to the street. Today, Dockwise announced...

July 13, 2012
Total Views: 4

Thursday, July 5, 2012
dockwise
Finance

Takeover Nearly Complete: Dockwise Gains Another 10 Percent of Fairstar

Dockwise announced today that their full acquisition of Fairstar is nearly complete after they completed the purchase of another 10 percent of Fairstar shares from ODIN and other shareholders. Via...

July 5, 2012
Total Views: 0

Monday, July 2, 2012
Finance

Dockwise Takes Another Bite out of Fairstar, Increases Shareholdings to 80.4%

Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the outstanding shares of Fairstar Heavy Transport N.V.  Over the...

July 2, 2012
Total Views: 0

Thursday, May 31, 2012
fairstar FORTE
Engineering News

Guangzhou Shipbuilding Delivers the FORTE to Fairstar Heavy Tranport

Fairstar Heavy Transport N.V. (FAIR) announced today that they have taken delivery of the FORTE, a 216 meter long, 48,000 DWT, DNV-classed heavy lift transport vessel built by Guangzhou Shipbuilding...

May 31, 2012
Total Views: 4

Monday, May 21, 2012
ing bank lion
Finance

Poison Pill Rejected, Fairstar Heavy Transport Gains $247 Million Loan from ING Bank

Fairstar Heavy Transport N.V. (FAIR) has signed a USD $247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to satisfy the outstanding payment obligations...

May 21, 2012
Total Views: 21

Wednesday, May 16, 2012
Fairstar FJELL perro negro jackup
Finance

Fairstar Receives “Poison Pill” Offer, and a $2.9 Million Heavy Lift Contract

Fairstar Heavy Transport N.V. (FAIR) announced today the award of  a new contract to transport the jack-up drilling rig OFFSHORE VIGILANT from Port of Spain, Trinidad to Vung Tau, Vietnam...

May 16, 2012
Total Views: 19

Tuesday, May 15, 2012
Finance

Resistance is Futile. Dockwise Launches Offer for Remaining Shares of Fairstar

Dockwise, via their wholly-owned subsidiary Dockwise White Marlin B.V., announced today the unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport N.V. (“Fairstar”) at a...

May 15, 2012
Total Views: 2

Friday, May 11, 2012
News

Guns Blazing, Fairstar Heavy Transport Fires Back in Response to Takeover Letter from Dockwise

In response to a letter sent by Dockwise on Wednesday, Fairstar’s CEO Philip Adkins sends back a heated response… Dockwise FAO: Mr P Wit and FAO: Mr J van Wiechen Lage Mosten...

May 11, 2012
Total Views: 34

Wednesday, May 9, 2012
News

Interview with Dockwise CEO Andre Goedee: Drydocking FPSOs at Sea and the Fairstar Deal

I met up with Andre Goedee, CEO of Dockwise, at the Offshore Technology Conference in Houston last week.  Here’s what he had to say… What’s the approach right now with...

May 9, 2012
Total Views: 8

Tuesday, April 24, 2012
News

Dockwise and Fairstar Enter “Increasingly Hostile Stalemate”

In what must have been a rather tense meeting this morning, Fairstar Heavy Transport N.V. (FAIR) met with representatives of Dockwise in Fairstar’s Rotterdam Headquarters to discuss the unsolicited acquisition...

April 24, 2012
Total Views: 1

Monday, April 23, 2012
fairstar heavy Forte
Finance

Dockwise Sends Unsolicited Low-Ball Offer to Fairstar Heavy Transport

Fairstar Heavy Transport N.V. (FAIR) announced today that they have received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share....

April 23, 2012
Total Views: 12