Dockwise Acquires $36 MM in Contracts for Transportation

Dockwise Ltd. announced that six new contracts have been awarded to their subsidiary Dockwise Shipping for the transportation of drilling rigs, barges and dredging equipment.

Dockwise Shipping will transport the Offshore Resolute and the Ocean Scepter, two existing jack-up drilling rigs, as well as four loads of dredging equipment and barges in 2008.

The total value of the contracts is close to $36 million.

All contracts will be executed in 2008 and contribute to the aim of Dockwise Shipping to continuously employ its vessels at the highest possible utilization.

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