Dockwise Announces $ 45 Million in Heavy Marine Transport Awards

Thursday, Jul 22, 2010

Breda, The Netherlands, 22 July, 2010. Dockwise Ltd. today announces four awards for Heavy Marine Transport (HMT) Projects that include an FPSO, two jack-up rigs and a power barge. Total revenues for these various commitments are almost $ 45 million.

Dockwise was awarded a contract with HHI (Hyundai Heavy Industries Co., LTD.) for the transport, loading, and discharge of Goliat, a 58,000 metric ton, cylinder shape Sevan 1000 design, fully integrated FPSO (Floating Production and Storage Offloading). Transport of the Goliat from Ulsan, Korea to Hammerfest, Norway is scheduled for 2013. The Goliat is 112 meters in diameter and 75 meters high.

Dockwise has also been selected as the contractor of choice by Seadrill Offshore AS for the transport, loading, and discharge of their newbuild CJ70 jack-up rig. Transport will be from Singapore to Norway and is scheduled for 2011. In addition, Dockwise will be transporting the Ocean Scepter, a jack-up rig for Diamond, from the Gulf of Mexico to Brazil and a power barge to Maracaibo in 2010.

Dockwise operates the largest fleet of specialized vessels in the world: A versatile fleet of 20 semi-submersible vessels of different concepts and designs. Dockwise provides specialty services in Heavy Marine Transport, Transport & Installation, and Logistical Management.

André Goedée, Chief executive officer: "The Goliat contract is a good example of the type of demand we increasingly see in the HMT Offshore Oil and Gas industry for larger and heavier production platforms. At Dockwise, we strive to be the market leader and the contractor of choice for clients who seek reliable execution of the transport of their valuable production equipment. We are extremely proud to be selected by HHI and ENI Norway for this project. In addition, we look forward to working with Seadrill and Diamond to help them again with the repositioning of their (drilling) equipment. "

Source:Dockwise