Nautis Simulator Delivered to SMIT Australia
VSTEP delivers a Nautis DNV Class A FMB simulator to Seafood and Maritime Industries Training (SMIT) in Darwin, Australia for specialized ship handling, maneuvering and Radar training of coxswains. SMIT focuses on training of maritime personnel aboard fishing and recreational vessels. The company selected a Nautis DNV Class A Full Mission Bridge simulator, which allows specialized navigation and ship handling training of coxswains and maritime personnel alike in full compliance with the latest STCW requirements. The simulator features a 240° field of view and an additional projected stern view, as well as a Kelvin Hughes Radar system for advanced radar simulation and training. A Nautis Instructor Station was also delivered with the Class A simulator.
VSTEP Delivers Simulator for the Korean Naval College
VSTEP in cooperation with its Korean partner Dongkang M-Tech have successfully delivered and installed a full NAUTIS Naval Task Force maritime simulator classroom at The Korean Naval College in Seoul, Korea. The classroom consists of 20 NAUTIS Naval Task Force Trainee Stations and Instructor Station. The Korean Naval College has selected NAUTIS for efficient maritime training and preparation of cadets and naval personnel in ship handling and navigation. VSTEP CEO, Cristijn Sarvaas: “NAUTIS is a new generation of simulation technology that meets the high standards of today’s maritime professionals. The Korean Naval College is one of Korea’s most renowned Naval Academies.
Fairstar Awarded Multiple Voyage Contracts by KBR
Fairstar Heavy Transport (FAIR) has been awarded a multiple voyage contract by KBR of Houston. Fairstar’s semi-submersible heavy transport vessel ‘Fjord’ will deliver the EGTL modules for Chevron from Abu Dhabi to the Escravos River in Nigeria. The Fjord will make a total of three consecutive round trip voyages over the course of the contract. The first cargo is currently scheduled to be picked up in February 2009. Total contract value for Fairstar is $23.2 million, all of which shall be received in 2009. Cristijn Sarvaas, CFO, highlighted the financial impact of the contract: “this multiple voyage contract significantly strengthens our financial position and the predictability of our revenues.
Fairstar Fjord Gets DNV Certification
Cristijn Sarvaas, CFO, added "The time charter equivalent revenue for this contract is $81,000 per day for a period of 47 days. This is in line with the forecasts we have been sharing with the market and brings total confirmed gross revenue for the Fjord to over 15 million in 2008. Philip Adkins, CEO, said: "The conversion of the Fjord is now finished. On 27 March we will watch it depart over the horizon on its way to the Gulf of Mexico where it will begin to produce the returns our shareholders, bankers and employees all expect and deserve.
