November 8 - Breda, the Netherlands based heavy lift ship operator Dockwise has posted its financial results for the three-month period ended September 30, 2012.

As from July 1, 2012, results of Fairstar Heavy Transport N.V. are fully consolidated within the financial statements for Dockwise Ltd.

The results show revenues of USD136 million compared to USD97 million in the second quarter of the year, and adjusted EBITDA of USD51 million,

Dockwise reported a vessel utilisation rate of 79 percent for the period.