Fairmount converts semi-sub barges

Fairmount Heavy Transport N.V. will be acquiring the semi submersible barges BOA 19 and 20 from BOA Offshore AS in Trondheim, Norway, and convert them to self propelled transportation vessels. The work is planned to be completed in the second half of 2006.

Fairmount Heavy Transport N.V. was recently established by Fairmount Marine B.V., Capricorn Offshore AS and Sea of Solutions B.V. to focus on the attractive marine heavy transportation market, with the main market segments being within transportation of jack-up and semi submersible drilling rigs, floating production units and offshore for the offshore oil and gas industry.

Fairmount Marine B.V. will act as technical and operational manager for the converted vessels, with Capricorn Offshore providing management and market competence to Fairmount Heavy Transport N.V.