SOURCE: Dockwise Ltd

August 12, 2009 11:52 ET

Dockwise Secures USD 27 million in near-term contract awards

BREDA, NORWAY--(Marketwire - August 12, 2009) -


Bermuda, 12. August 2009. Dockwise Ltd. today announces 8 new near-term contract wins awarded to its subsidiary, Dockwise Shipping, for the transportation of a jack up drilling rig and port & marine infrastructure.

Dockwise Shipping, in cooperation with industry partners, is to transport 1 jack up drilling rig to Egypt, a jack- up barge to Australia, cargoes with dredging equipment and various port and marine infrastructure to the USA, river tankers to Panama and 3 ferries in different journeys to Abu Dhabi. The contracts will be carried out in Q3 and Q4 2009. Total revenues for the contracts are approximately USD 27 million.

Contact:
Fons van Lith
+31651314952/+1441 5991818
Fons.van.lith@dockwise.com

Notes for Editors:

About Dockwise Ltd / Dockwise Group

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, Brasil, Singapore 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, Malaysia, 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 build semi-submersible vessels.

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

For further information: www.dockwise.com


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