Expansion of fleet

Fairstar Heavy Transport NV, Rotterdam, has entered into a contract with Guangzhou Shipyards International Co. Ltd. (GSI) to build two 50,000 DWT open stern, semi-submersible vessels.

The ships are based on a design approved by Det Norske Veritas (DNV). COSCO has already ordered two of these vessels from GSI in 2008, the first is on schedule to be delivered in December of this year. The second will be delivered in 2011. Delivery of the new contracted vessels to be named "Forte" and "Finesse" is planned for 2012.

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