The present invention relates to an improved apparatus and method for minimizing vortex induced vibrations and hydrodynamic drag of a drilling riser. Vortex induced vibrations and hydrodynamic drag are minimized by installing on a drilling riser streamlined faring sections. The fairing sections are installed on and removed from a riser through the use of one or more door panels on a rounded front portion that have a latch mechanism which can be easily opened and closed. The fairing sections are configured so they can nest one inside the other for easy storage. A tapered back or tail section of each fairing section has an attachment receptacle for engagement by a handling mechanism with a telescoping arm for grasping the fairing section. The handling mechanism is designed to move the fairing sections between a rack, where they are stored, and a position adjacent to the riser.