Dockwise Secures USD 62.5 million in near- and long-term contract
awards
(Thomson Reuters ONE) - Bermuda, 22 July, 2009. Dockwise Ltd. today announces 8 new near-term contract wins awarded to its subsidiary, Dockwise Shipping, for the transportation of jack up drilling rigs and port & marine infrastructure. Dockwise Ltd further confirms a long-term contract for transport and installation on the Bonkot project in Thailand.Dockwise Shipping is to transport 3 jack up drilling rigs to thePersian Gulf and Mexico, a sheerleg GSP to Turkey, 3 cargoes withdredging equipment to the USA and Algeria, and a liftboat toTrinidad. The contracts were completed in Q2 or will be carried outin Q3 2009 and Q2 2010. Total revenues for the contracts areapproximately USD 35 million, of which USD 11.5 million will bereported in the backlog end of Q2.With regard to the long-term, Dockwise has been contracted by HyundaiHeavy Industries to transport and install the topsides of thesouthern production platform, by floatover, for the PTTEP Bonkot 4Acentral facilities in 2010. The total contract value is in excess ofUSD 27.5 million. Based on the earlier signed Letter of Award, thisproject had already been included in the backlog at end Q1.André Goedée, Chief Executive, Dockwise Ltd., said:"As we move into the second half of the year, we continue to seesustained rig mobility, and a steady flow of commercial opportunitiesacross all market segments, Protracted negotiations and delays are afeature of the current environment, but the scale of our fleet allowsus to cope with the increased pressures on planning and utilizationand Dockwise continues to provide its clients with maximumflexibility.For the current year, we will rely on our core heavy marine transportactivities. It is encouraging to see, however, that longer termcontracts are also making meaningful additions to our backlog, andthis reinforces the strategic choices we have made in developing thebusiness in recent years. We are now in pursuit of a growing numberof tenders for large projects, and this will help deliver increasingvisibility to our future revenues and earnings."Contact:Fons van Lith+31651314952/+1441 5991818Fons.van.lith(at)dockwise.comNotes for Editors:About Dockwise LtdDockwise Ltd. has a workforce of more than 1200 people both offshoreand onshore. The company is the leading marine contractor providingtotal transport services to the offshore, onshore and yachtingindustries as well as installation services of extremely heavyoffshore platforms. The group is headquartered in Bermuda withamongst others operational offices in Breda, The Netherlands. Thegroup's main commercial offices are located in The Netherlands, theUnited States, China, Korea, Australia and Nigeria. The DockwiseYacht Transport business unit is headquartered in Fort Lauderdale andhas offices in France and Italy. The Dockwise Shipping network issupported by agents in Japan, Singapore, Spain, Argentina, Australiaand Italy.For further information: www.dockwise.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 24.07.2009 - 08:59 Uhr
Sprache: Deutsch
News-ID 3944
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