Fairstar Wins Two Transportation Contracts for Ichthys LNG Project, Australia

Fairstar Wins Two Transportation Contracts for Ichthys LNG Project, Australia

Fairstar Heavy Transport N.V. (FAIR) has been awarded two contracts by the JKC Joint Venture (JKC) consisting of JGC and Chiyoda of Japan and KBR of the United States, to provide marine transportation services for the Ichthys LNG Project in Darwin, Australia.

The two contracts engage the Fairstar 50,000 DWT, open stern, semi-submersible vessels FORTE and FINESSE for approximately twelve months per ship commencing in the Second Quarter of 2014. The total value of the two contracts is USD 56 million for the initial period. JKC has the option to extend the contracts a further six months at the same voyage rates agreed to in the initial period. The options are not included in the original contract value. FORTE and FINESSE will execute a series of voyages from various fabrication yards in Asia Pacific, transporting the modules required to construct the two LNG trains now approved for development at the Ichthys LNG Project site in Darwin.

Philip Adkins, Chief Executive Officer of Fairstar, commented from Yokohama Japan shortly after signing the contracts, “Fairstar will work closely with JKC to manage the safe and reliable delivery of the LNG modules for the Ichthys LNG Project and will be closely engaged with the JKC Project Team in Japan, preparing for the first voyage in 2014. FORTE and FINESSE are two of the most modern, open stern, semi-submersible ships in the world today. They have fully independent and redundant propulsion systems as well as a powerful ballast system capable of safely maintaining equilibrium at quayside throughout the extreme tidal cycle that will be a feature of discharge operations in Darwin.

Fairstar has gained considerable experience in Australian quarantine and environmental practices through our involvement in the Gorgon LNG Project. Safety and Environmental stewardship play a dominant role in all Australian energy infrastructure projects. Fairstar has invested heavily in the quality and experience of our team. We are committed to providing our clients with an integrated package of modern, purpose built vessels, experienced Dutch crews and dedicated project professionals. All of these resources will make a significant contribution to the Ichthys LNG Project and we are delighted to be awarded two multiple voyage contracts for the FORTE and FINESSE.”

The Ichthys LNG Project is a joint venture between INPEX (76%, the Operator) and Total (24%). Gas from the Ichthys Field, in the Browse Basin approximately 200 kilometres offshore Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 889 kilometre subsea pipeline. The Ichthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.

World Maritime News Staff, March 5, 2012; Image: Fairstar

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >