November 15 -Dockwise has reminded the shareholders in Fairstar Heavy Transport that 'squeeze out' procedures have been initiated for the remaining approximately 0.4 percent of the stakeholding in Fairstar.

The marine transport and heavy lift provider has delivered a writ of summons to the registrar for Fairstar, a company that Dockwise acquired earlier in the year.

Prior to the completion of the squeeze out, the shares of Fairstar will be delisted from the Oslo Stock Exchange on November 19, 2012.