SOURCE: Dockwise Ltd

November 19, 2009 02:09 ET

Dockwise secures USD 24 million in near-term contract awards

BREDA, THE NETHERLANDS--(Marketwire - November 19, 2009) -

Dockwise Ltd. today announces 8 new near-term contract wins awarded to its subsidiary, Dockwise Shipping, for the transportation of modules, vessels and jack up drilling rigs.

Dockwise, together with industry partners, has received contract awards to transport various jack up drilling rigs to Sjarjah, Tianjin, West Africa, Sudan and Singapore and modules and a salvage vessel to Stavanger and Nigeria respectively. Most of the contract work will be carried out in Q4 2009 with the remainder to be performed in Q1 2010. Total contract revenues for the Dockwise contracts are expected to be approximately USD 24 million.

Fons van Lith
+31651314952/+31 76 5484116

Notes for Editors:

About Dockwise Ltd / Dockwise Group

Dockwise Ltd., a Bermuda incorporated, 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, China, Korea, Australia, Brasil, Moscow, Singapore 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, Singapore, Spain, 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 20 purpose built semi-submersible vessels.

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK.

For further information:

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

Contact Information