Dockwise Scores Heavy Marine Transport Awards

Dockwise announced 10 awards for Heavy Marine Transport projects and two for engineering assignments related to a float-over for CNOOC and to Wheatstone. Total revenues for these various commitments are expected to exceed $35 million USD.

The relationship between CNOOC and Dockwise continues to grow as CNOOC (parent company of COOEC) recognizes Ocean Dynamics (ODL), a member of the Dockwise Group of Companies, for its expertise in deepwater jacket and float-over design. ODL was awarded a contract by CNOOC for the engineering design verification of a deepwater jacket and the float-over installation of the deck.

The remaining contracts relate to Port & Marine Infrastructure, whereby Dockwise is assisting in the transportation of barges (to the USA, the Netherlands and Argentina) and dredging equipment (to the Netherlands and Columbia). All of these contracts are scheduled for execution in quarters two and three 2010. Other quarter three contract awards include transporting a semi-submersible rig from Dubai to Brazil and a jack- up rig from West Africa to The Netherlands. One contract relates to a change order on a project that is already in the backlog for 2013.

André Goedée, Chief Executive Officer, said, "Also in the second quarter we continue to benefit from a slowly increasing number of inquiries The tender activity for the years to come remains strong and continues to hold interesting prospects for the larger vessels. Meanwhile on the short term we seriously focus on the opportunities our fleet size presents in view of the diverse geographic spread of the demand in the market. Most of the maintenance brought forward has been completed in the second quarter improving our readiness for the demand in the remaining quarters. The disaster in the Gulf of Mexico has our undivided attention. We are seriously concerned with the magnitude of the environmental impact and we will do what is required of us to help. We proactively communicate with our client as well as the appropriate authorities on the manner in which we can make the best possible contribution to contain and remove the spill."