Breda, The Netherlands, October 4, 2010. Dockwise Ltd. announces nine awards for Heavy Marine Transport (HMT) that have recently been secured by its subsidiary Dockwise Shipping with a total contract value of USD 33 million.
Dockwise was awarded a contract by McDermott Australia Pty. Ltd. to transport a Marlin B jacket structure and a CBL 102 launch barge for the Kipper Tuna Turrum Project (KTT), which includes the development of the Tuna gas cap, Kipper field, and Turrum reservoir in the Bass Strait. The Marlin B jacket will be carried piggyback aboard the CBL 102 launch barge and transported in late Q4 2010.
In addition, Dockwise will be transporting the SEP Orion, a self-elevating platform, for CNO (Construtora Norberto Odebrecht). The transport to Sao Luis, Brazil will take place in Q4. Dockwise was also selected as the contractor of choice by OPI International Contractors, Ltd., to transport a deck barge and a derrick barge to Luba, Equatorial Guinea in Q4. Other Q4 awards include the skid on and jack up of the Independencia I and other cargo for the Swecomex Project.
Other contract awards include the transport of four flattop barges, an intake caisson, as well as a total of 3 jack-up rigs to various locations. The West Prospero jack-up rig will be transported to Vietnam in Q3 -Q4 2010. The 191 and 255 mat-supported jack-up rigs will be transported to the Far East in Q4 for Garuda Energy.
André Goedée, Chief Executive Officer: "Offshore exploration, development and production continue to show increasing levels of activitiy. The slowly Increasing level of utilization of the larger jack ups yields more work for the larger vessels. Port and Marine infra activity levels still do not show the level of increase as expected, but nevertheless continue to yield a steady flow of interesting commitments that help to optimize the fleet schedule as much as possible."
For further information please contact:
Fons van Lith
Tel : +31 (0)6 51 314 952 or +31 (0)76 5484116
About Dockwise Ltd / Dockwise Group
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1200 people both offshore and onshore. The company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The Group is headquartered in Breda, The Netherlands. The Group's main commercial offices are located in The Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Italy. The Dockwise Shipping network is supported by agents in Japan, Norway, Argentina and Italy.
To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shenzhen, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 19 purpose built semi-submersible vessels.
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on NYSE Euronext Amsterdam under ticker DOCKW.
For further information: www.dockwise.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act