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>

<< Jul 2015 >>
MTWTFSS
29 30 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 31 1 2

Salvage & Wreck Asia 2014

At Asia’s only specialist salvage and wreck removal conference, delegates heard from industry leaders on topics including…

read more >

3rd Annual LNG Bunkering 2015 Conference

IBC’s ‘LNG Bunkering Summit’ returns for the 3rd time, with a view to profile latest developments and opportunities in key trade routes globally, and particularly in Singapore.

Join your industry partners as they crack the ‘chicken and egg’ dilemma while focusing on first-mover benefits, infrastructure, supply and pricing that makes switching to LNG a viable option.

The 3rd LNG Bunkering Summit is part of a suite of events in The Bunkering Week, which incorporates 3 co located conferences and will attract over 200 top decision makers. LNG Suppliers, Traders, Ship Owners and builders will convene to address commercial, regulatory, supply-demand, price and global market issues.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

read more >

7th Bunkering in Asia 2015 Conference

If Quality and Compliance challenges were not enough, oil prices have provided a further twist to industry dynamics. Further, recent developments have yet again resulted in a review of credit and counter party risk management within the value chain.

What then should the industry response be? How can we look ahead and determine strategies that have a positive impact on our business? If tapping successfully into new market segments was high priority, assessing watertight alternatives to protect your business is of equal importance.

Part of The Bunkering Week, the 7th Bunkering in Asia is back in Singapore to provide networking, expert viewpoints, and commercial opinions that matter.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

read more >

The Bunkering Week 2015

The Bunkering Week 2015 is a ground breaking platform for the shipping and marine fuels sector.

From Bunker markets and trade opportunities, developments in LNG Bunkering, through to Exhaust Gas Cleaning Systems, the Bunkering Week will showcase the full range of strategies and solutions for the shipping community.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

read more >