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Dockwise announces heavy marine transport contracts after quiet first quarter trading

April 4 - Dockwise Ltd subsidiary Dockwise Shipping, has won nine heavy marine transport contracts with a total contract value of more than USD 30 million, following a first quarter described by CEO Andr

One contract is from Baerfield Drilling LLC to transport the semi-submersible rig 'SS Amazonia' from Yantai, China to Angra Dos Reis, Brazil. The rig will be transported using the float-on, float-off method, and is scheduled to commence at the beginning of Q2 2011.

In addition, Dockwise will be transporting the Jack up rig 'Ben Avon' for KCA Deutag PTE Limited. After loading the rig in Port Gentil, Gabon, the vessel will remain at the loading location to serve as a semi-submersible dry dock facility and provide for planned dry docking operations to be concluded on the 'Ben Avon'.

Dockwise will also transport EMAS Offshore Pte Ltd's 'Lewek Chancellor' accommodation barge to Luanda, Angola. Execution of this contract has started in Q1 2011.

Other contract awards include the transports of a barge, four jack-up rigs, and a crane barge to various locations in Q1 and Q2 2011.

Goedée stated: "Trading in the first quarter has been disappointingly quiet. Only as the period draws to a close are we starting to see a return to more usual levels of spot market activity than those experienced so far in 2011. Enquiry levels are now steadily translating into booked contracts for the second quarter and beyond."

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