July 23 - Dockwise has sold the so-called type-IV vessel, Enterprise to optimise the composition of the company's fleet with an increasing focus on premium cargoes.
The decision to sell followed a cost-revenue analysis of the vessel's operation in market segments with a relatively low contribution, which is the same reason type-IV vessels Dock Express 10 and 12 were sold by Dockwise in 2009.
Having completed almost 30 years of service, maintenance of Enterprise to meet Dockwise's offshore equipment standards would require additional investment to extend the vessel's life.
The sale of the vessel is in line with plans previously outlined to enhance the focus of the organization on premium projects requiring the differentiated service potential of type I, II and III vessels.
Enterprise will be converted into a floating power plant.
Dockwise CEO, André Goedée said: "Dockwise intends to maintain market leadership in the heavy marine transport business and to expand value-added transport services, including engineering, installation and project management. These areas of work require types I, II and III vessels which create the highest value. This divestment optimises the composition of the Dockwise fleet and increases focus on the premium end of the business."