Dockwise moves on Fairstar

Dockwise Ltd, indirectly through its wholly owned subsidiary Dockwise White Marlin BV, has entered into share purchase agreements for the acquisition of approximately 54% of the shares in Fairstar Heavy Transport NV, a company listed on the Oslo Stock Exchange.

Step changes in the scale and focus of the Dockwise fleet are intended to better serve rapidly growing and evolving customer demand in the global oil & gas industry and secure a global sustainable leadership position as a heavy marine transport and oil & gas service provider in an increasingly competitive market environment.