Dockwise Ltd
oslo : DOCK

June 21, 2012 01:45 ET

Dockwise Ltd: Backlog Update: USD 85 Million in New Awards

BREDA, THE NETHERLANDS--(Marketwire - Jun 21, 2012) - Dockwise Ltd. today announces near USD 85 million backlog additions in new contracts, bringing total for this quarter to approximately USD 102 million

Dockwise was awarded fifteen short term contracts, mainly for execution in Q2 and Q3 2012. The projects include twelve jack-up rig transports for various owners to different regions.

On longer term assignments, Dockwise reached a final agreement on a large extension of scope for an existing oil & gas offshore transport. The extension adds to the initially signed LOI for the project which was already included in the Q1 2011 backlog. The changes involve vessel modification and additional outfitting scope for the transport originating in the Far East. Project scheduled to be executed in 2015-2016 timeframe.

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 Genoa, Italy. The Dockwise Shipping network is supported by a global network of agents.

To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shanghai, 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Dockwise Ltd via Thomson Reuters ONE [HUG#1621124]

Contact Information

  • For further information please contact:

    Fons van Lith
    E: Email Contact
    T: +31 (0)76 548 4116
    M: +31 (0)6 51 314 952