Ocean HeavyLift Signs 4 New Contracts

Ocean HeavyLift ASA has signed four new contracts with a total gross value of USD $25 million.

The contracts have a total duration of about 200 days and will be performed by the semi-submersible heavy lift vessels HeavyLift Eagle and HeavyLift Falcon in the second and third quarter of 2008. The contracts involve transportation of a floating dock, two jack-up rigs from newbuilding yards and one jack-up rig for relocation.