Fairstar begins Fjord sea trials

The Netherlands-based Fairstar Heavy Transport NV completed the conversion of a semisubmersible barge into a self-propelled heavy transport vessel, Fjord, and it is presently undergoing sea trials offshore Malta.

Fjord is capable of carrying large drilling rigs and similar structures. Fairstar was founded in 2005. The company's business plan is to focus on transporting offshore equipment when it best serves the client, as opposed to voyage timing triggered by the schedule of the transport vessel. In 2008 Fairstar will add a second vessel, Fjell, to its fleet. Fairstar has been embroiled in a shareholder dispute. Earlier this month, Henk van den Berg, a 1.82 percent shareholder in Fairstar Heavy Transport NV, through his company Oude Maas Beheer BV, filed a complaint with the Enterprise Chamber of the Court of Appeals in Amsterdam seeking a judicial inquiry into the affairs of Fairstar as well as petitioning the court to suspend all of the members of the company's Management and Supervisory Boards.
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