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Dockwise signs for six

March 20 - Dockwise Ltd has revealed six contracts totalling USD57 million, for execution in 2012 and 2015.

The wins include a reservation contract, securing the transportation of a spar buoy for the Statoil operated Aasta Hansteen offshore production field, formerly known as the Luva field. The spar buoy, with an approximate length of 200 m, a diameter of 50 m and weight of 45,000 tonnes, will be transported on Dockwise Vanguard, which is currently under construction, from either Korea or Finland to Norway in 2015.

Further contract wins for other clients include the transport of four drilling rigs to Rotterdam, Saudi Arabia and Singapore and a single load of barges to Brazil in 2012.

André Goedée, chief executive officer of Dockwise, commented: "These contract wins, particularly a double rig cargo on the Black Marlin from Singapore to Rotterdam, are further proof of the rise in activity levels in oil & gas exploration seen since the end of 2011."

"The contract win for Dockwise Vanguard underlines our clients' recognition by of the advantages of a vessel of the scale and capacity of Dockwise Vanguard. Spar buoys were an asset class that we identified as potential for this vessel and consequently I am excited that the Aasta Hansteen spar buoy contract is the first to materialize of those prospects we are discussing with clients for the post 2013 period.

"We are actively pursuing several short term business opportunities and as before actively tendering for T&I projects in various important regions."

www.dockwise.com

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