FORTE performing the submerging test

FORTE has successfully completed sea trials

Fairstar Heavy Transport N.V. announces that FORTE has successfully completed sea-trials in China. The sea-trials finished with a successful submerging test. The FORTE will now return to the yard to prepare for its naming ceremony on May 23rd.

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FORTE has successfully completed sea trials

Fairstar Heavy Transport N.V. announces that FORTE has successfully completed sea-trials in China. The sea-trials finished with a successful submerging test. The FORTE will now return to the yard to prepare for its naming ceremony on May 23rd.

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On another matter Fairstar Heavy Transport NV Board of Directors rejected the unsolicited, conditional offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share.

The Company considers the Dockwise offer to be opportunistic and overlooks a number of significant aspects of Fairstar’s business, notably the replacement cost of the Fairstar fleet, the value of the Company’s order book and the reputation Fairstar has established as a provider of high value marine transportation services for energy infrastructure projects involving the world’s major energy and EPC Companies.