FAIRSTAR HEAVY TRANSPORT N.V. Confirms FJORD Departs to Venezuela

Fairstar Heavy Transport N.V. (FAIR) confirmed its semi-submersible heavy transport vessel FJORD departed Singapore on July 16th loaded with 26 tug boats.

The departure had been delayed for approximately one week. Philip Adkins, CEO Fairstar Heavy Transport, stated “The charterer, GAC, under our original Charter Party Agreement failed to pay up under the terms of our contract. This was an awkward situation resulting in several days delay to our departure.

The situation has now been remedied. The cargo is secure. Fairstar has been paid under a new Charter Party Agreement and will suffer no loss in revenue as a result of GAC’s failure to pay.” The FJORD is expected to arrive in Venezuela in early September.

[mappress]
Source: fairstar, July 18, 2011;