Dockwise Appoints New Chief Financial Officer

Dockwise Ltd.

Dockwise Ltd. announces that its subsidiary Dockwise Shipping has appointed Mr. Peter Wit as its Chief Financial Officer, effective September 1, 2009.

Peter Wit (1967), who has a master degree in business administration from Groningen University, and a (post doctorate) degree in controlling from VU Amsterdam, will lead the company's global finance, legal and information technology departments. Mr. Wit has always been employed by Shell and is currently Chief Operations Officer and Finance manager of Shell Asset Management Company, Shell's US $40 billion in-house pension asset management firm. Previously he worked for Shell a.o. as VP finance of Shell's Solar business, in corporate finance and as head of finance of Shell's Albanian oil exploration venture.

"The appointment of Peter Wit is an important step in the further development of Dockwise," CEO Andre Goedee stated. "His combined background in finance, asset management and the Oil and Gas industry from the client's perspective brings added value at an important moment in time. I am looking forward to work with Peter in close harmony and to undertake essential financial initiatives to realize the company's full potential in the months and years to come. At the same time I wish to thank Claudia Mennen who acted as CFO in the interim period. The very important support of Claudia has helped the Company and myself in a very uncertain time amidst economic turmoil and difficult financial circumstances. Claudia will resume her duties as VP Finance at Dockwise, assisting Peter Wit in future developments."

"Dockwise has a strong heritage and great ambitions and I am very excited to be onboard," said Peter Wit. "I look forward to contribute to the future success of Dockwise by supporting its financial health and the company's reputation in the financial markets"