Dockwise Ltd : Backlog Update: USD 85 Million in New Awards;
Breda, The Netherlands, 21 June 2012 Dockwise Ltd. today announces near USD 85 million backlog additions in new contracts, bringing total for this quarter to approximately USD 102 million
Dockwise was awarded fifteen short term contracts, mainly for execution in Q2 and Q3 2012. The projects include twelve jack-up rig transports for various owners to different regions.
On longer term assignments, Dockwise reached a final agreement on a large extension of scope for an existing oil & gas offshore transport. The extension adds to the initially signed LOI for the project which was already included in the Q1 2011 backlog. The changes involve vessel modification and additional outfitting scope for the transport originating in the Far East. Project scheduled to be executed in 2015-2016 timeframe.
For further information please contact:
Fons van Lith
T: +31 (0)76 548 4116 M: +31 (0)6 51 314 952
About Dockwise Ltd/Dockwise Group
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1200 people both offshore and onshore. The company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The Group's main commercial offices are located in The Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Genoa, Italy. The Dockwise Shipping network is supported by a global network of agents.
To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shanghai, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 19 purpose built, semi-submersible vessels.
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on NYSE Euronext Amsterdam under ticker DOCKW.