Dockwise Adds to Orderbook

Dockwise subsidiary, Dockwise Shipping, recently secured nine awards for Heavy Marine Transport (HMT) for a total contract value of USD 33 million.

Dockwise was awarded a contract by McDermott Australia Pty. Ltd. to transport a Marlin B jacket structure and a CBL 102 launch barge for the Kipper Tuna Turrum Project (KTT), which includes the development of the Tuna gas cap, Kipper field, and Turrum reservoir in the Bass Strait. The Marlin B jacket will be carried piggyback aboard the CBL 102 launch barge and transported in late Q4 2010.

In addition, Dockwise will be transporting the SEP Orion, a self-elevating platform, for CNO (Construtora Norberto Odebrecht). The transport to Sao Luis, Brazil will take place in Q4. Dockwise was also selected as the contractor of choice by OPI International Contractors, Ltd., to transport a deck barge and a derrick barge to Luba, Equatorial Guinea in Q4. Other Q4 awards include the skid on and jack up of the Independencia I and other cargo for the Swecomex Project.

Other contract awards include the transport of four flattop barges, an intake caisson, as well as a total of 3 jack-up rigs to various locations. The West Prospero jack-up rig will be transported to Vietnam in Q3 -Q4 2010. The 191 and 255 mat-supported jackup rigs will be transported to the Far East in Q4 for Garuda Energy.

André Goedée, Chief Executive Officer, said, "Offshore exploration, development and production continue to show increasing levels of activitiy. The slowly Increasing level of utilization of the larger jack ups yields more work for the larger vessels. Port and Marine infra activity levels still do not show the level of increase as expected, but nevertheless continue to yield a steady flow of interesting commitments that help to optimize the fleet schedule as much as possible."

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