SOURCE: Dockwise Ltd

August 12, 2008 09:26 ET

New Dockwise contract for transportation of 18 onshore modules for Koniambo Nickel Project in New Caledonia

BREDA, NORWAY--(Marketwire - August 12, 2008) -

Bermuda, 12 August, 2008 - Dockwise Ltd. announces that a contract has been awarded to their subsidiary Dockwise Shipping for the transportation from China to New Caledonia of 18 onshore modules including an extended engineering and associated services scope. The contract was awarded by Hatch-Technip on behalf of Koniambo Nickel SAS, a joint venture owned by Xstrata Nickel and Société Minière du Sud Pacifique ("SMSP"). Hatch-Technip, based in Kuala Lumpur, Malaysia, has been appointed as main contractor.

The transportation of the modules is scheduled for late 2009, early 2010 and will be performed as multiple consecutive voyages by the new Dockwise T-class vessels.

The modules fabricated in China, will be loaded at the yard of CNOOC's construction company COOEC at Qingdao, China. The modules will be offloaded in Vavouto, New Caledonia. The contract is one of the company's first large extended scope onshore industrial contracts. Presence in this market segment is one of the prime strategic objectives of Dockwise.

The value of the contract to Dockwise is approximately 22 million USD. Koniambo is one of the world's largest and highest-grade undeveloped nickel and laterite deposits. The planned smelter will have an annual production capacity of 60,000 tonnes of ferrous nickel alloy.

"Onshore industrial projects, such as LNG terminals, refineries and plants like the one involved in this contract are more often constructed in remote areas," Dockwise CEO André Goedée says. "To limit onsite construction, modular construction is the solution. While modules are fabricated at yards in China or Korea, the massive content of some of those projects adds substantial additional logistic challenges. It is here where the capabilities of the Dockwise organization combined with the flexibility of its large versatile fleet provide clients with cost effective solutions." The strategy of Dockwise is focused on a continued increase in modular construction worldwide and aims at early involvement in these types of onshore industrial projects.


For further information
Fons van Lith
+1441 5991818

About Dockwise Ltd

Dockwise Ltd. 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 Bermuda with amongst others operational offices in Breda, The Netherlands. The group's main commercial offices are located in The Netherlands, the United States, China, Korea, Australia and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has offices in France and Italy. The Dockwise Shipping network is supported by agents in Japan, Singapore, Spain, Argentina, Australia and Italy.

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