Dockwise Secures $24MM in Near-Term Contract Awards

Dockwise announced eight 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 jackup 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 US $24 million.


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