Dockwise Ltd : Dockwise Vanguard books second journey for delivery in 2013
(Thomson Reuters ONE) -
Breda, the Netherlands, 14 October 2011. Dockwise Ltd. today announces its
second project for the new-build vessel Dockwise Vanguard. Directly following
the transportation of the Jack & St. Malo platform to the Gulf of Mexico in
2013, the Dockwise Vanguard will return to Korea to load and transport the
Goliat floating, production, storage and offloading vessel [FPSO] to northern
Norway.
The investment decision for the construction of the Dockwise Vanguard has
facilitated technical optimization of the production platform, whereby the
change offers benefits to the Goliat project with respect to transit time and
transportation flexibility. The financial result from this contract and the
hereby announced change order confirms the earlier made financial prognosis for
the vessel in its first year of operation. Aiming at further assignments for
this period Dockwise continues to strive for enhanced revenues compared to its
initial plan.
The Goliat FPSO will be operated by Eni for oil production of the Goliat field
located offshore Northern Norway in sub-arctic conditions. The platform is
designed as a fully integrated and enclosed winterized floating production
platform (FPSO).
André Goedée, Chief Executive Officer, Dockwise Ltd, said:
"The Vanguard is already adding unique capacity and new flexibility to the
Dockwise fleet. This is of particular value for clients with the most
challenging assignments. In case of today's announcement we created an
opportunity for the client to optimize the project execution schedule with a
flexible and robust solution for the transportation of the Goliat FPSO from
Korea to Europe. We consider this another strong endorsement of Dockwise's
decision to invest in a major new-build asset ahead of the surge in demand for
Transport & Installation projects in the next decade."
Dockwise will publish Q3 results on November 11(th) 2011 (07:30 hrs CET). This
is one week earlier than the previously announced date of November 18(th) 2011.
For further information, please contact:
Fons van Lith
M: +31 (0)651 314 952
T: +31 (0)76 5484 116
E:Fons.van.lith(at)dockwise.com
About Dockwise Ltd/The Dockwise Group
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than
1,200, 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 for 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 Italy. The Dockwise
Shipping network is supported by agents in Norway, Argentina, and Italy. To
support all of its services to customers, the group also has three additional
engineering centers in Houston, Breda, and Shanghai, which manufacture specific
motion-reduction equipment, such as LMU (Leg Mating Units) and DMU (Deck Mating
Units).
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on
NYSE Euronext, Amsterdam under ticker DOCKW. For more information, visit our
website at www.dockwise.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Dockwise Ltd via Thomson Reuters ONE
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