SOURCE: Dockwise Ltd

July 01, 2008 14:44 ET

Perdido Truss Spar safely delivered by the Mighty Servant 1

HAMILTON, BERMUDA--(Marketwire - July 1, 2008) - Dockwise Ltd. announces that the Perdido Truss Spar was safely delivered by the semi-submersible vessel Mighty Servant 1 on Friday 27 June 2008. The Spar was skidded on board the vessel on 19 May 2008 in Pori, Finland by Dockwise Shipping, a wholly owned subsidiary of Dockwise Ltd.; and was successfully transported to Ingleside, Texas.

Dockwise was contracted on June 1st 2006 by Technip Offshore Inc. for the safe execution of all aspects of the delivery of the 20,956 tons heavy sparbuoy. The total height of the spar is 173.3 meters. The buoy diameter measures 35.97 meters. Dockwise has a renowned name in the transport and installation of offshore structures like production platforms and truss spars. André Goedée, CEO at Dockwise Ltd. comments: "We have the experience and therefore the power to incorporate lessons learned to continuously improve on risk management. Truss spars are very large floating offshore buoys that are transported horizontally on deck of Dockwise's semi-submersible vessels. The skidded load-out over the stern, the transport across and the float-off carry high risks that need to be managed." Dockwise managed these risks in close co-operation with Technip in the engineering stage of the project and followed the procedures and actions closely and precisely during execution. "All named risks on the project, engineering, operational and safety level were addressed and mitigated as far as possible", says André Goedée.

About Dockwise Ltd.

Dockwise Ltd. has a workforce of more than 1200 people both offshore and onshore. The company is a 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.

For more information: www.dockwise.com

Perdido pictures: http://hugin.info/137711/R/1232964/262335.pdf

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