SOURCE: Dockwise Ltd

October 02, 2007 01:47 ET

Dockwise Ltd: New Board Member

HAMILTON, BERMUDA--(Marketwire - October 2, 2007) -

Hamilton, Bermuda, 2 October 2007 - Dockwise Ltd., one of the world's leading integrated heavy lift sea transport companies, announces that Mr. Danny McNease will be appointed to its Board of Directors with effect as of 15 October 2007.

Mr. McNease is the Chairman and Chief Executive Officer of Rowan Companies, Inc.. He has been with Rowan for thirty-one years, serving in the Drilling Division before moving on into various executive management positions.

Mr. McNease is independent of the management and main shareholders of the Dockwise group.

The appointment of Messrs. Ehret and Tali to the Board of Directors of Dockwise Ltd., announced on 22 August 2007, will also become effective as of 15 October 2007. After that date, the Board of Directors of Dockwise Ltd. will consist of Messrs. Adri Baan (Chairman), Menno Antal, Bert Bekker, Tom Ehret, Brian Francoeur, André Goedée, Danny McNease, Rutger van Slobbe and Pietro Franco Tali.

About Dockwise Ltd

Dockwise Ltd. is the parent company of the Dockwise group of companies, one of the world's leading integrated heavy lift sea transport companies. Following the recent merger with Sealift, the Dockwise group currently owns a fleet of 22 vessels, of which 17 are semi-submersible heavy transport vessels and the remaining 5 are due to be converted into semi-submersible heavy transport vessels. The Dockwise group is able to transport the heaviest cargos over vast distances. In addition, the Dockwise group provides its customers with high value added services such as engineering, project management and front-end engineering design, particularly in the transportation and installation of offshore structures business. This capability has been further enhanced by the recent acquisitions of Offshore Kinematics Inc and Ocean Dynamics LLC. The Dockwise group employs about 800 people worldwide. With a global network of offices in Bermuda, Breda, (the Netherlands), Houston (Texas, USA), Shanghai (China), Shenzen (China), Busan (South Korea), Lagos (Nigeria) and Fort Lauderdale (USA)/Golfe Juan (France)/Genua (Italy) (Dockwise Yacht Transport), as well as 8 representing agents, the Dockwise group provides an extensive service network to its clients. For further information:


For further information:
Jacqueline Lenterman, Investor Relations
Tel: +31 (0)6 29 39 39 69

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