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Boskalis strengthens its heavy marine transport position through Fairmount

Royal Boskalis Westminster N.V. (Boskalis) announces that it has reached an agreement to acquire Fairmount Marine B.V. and Fairmount OceanTowage Company B.V. (Fairmount) from the French group Louis Dreyfus Armateurs. The transaction values the company at an average multiple of approximately 6 times EBITDA. Fairmount is a leading global provider of long distance ocean towage services operating five 205 tonnes bollard pull towing vessels with anchor handling capabilities. The addition of these ocean going anchor handling tugs (AHTs) allows Boskalis to further expand its market position in both offshore energy and salvage.

Fairmount Sherpa deliveres rig Arctic I in Las Palmas

Tug Fairmount Sherpa on March 15, 2013has safely delivered rig GSF Arctic I in Las Palmas. The rig has been towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain, said in the company's press release. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean. GSF Arctic I is designed to drill up to depths of 10,000 meters. The rig is 78 meters long and 61 meters wide. The voyage covered a distance of almost 4,000 miles across the Atlantic Ocean with an average speed of 4.1 knots, the destination offshore Las Palmas was reached. Upon arrival offshore Las Palmas de Gran Canaria Fairmount Sherpa performed anchor handling activities for the GSF Arctic I, mooring her on her eight anchors. Once the rig was safely anchored and moored, the Fairmount Sherpa was thanked for her services.