Dockwise Backlog Update

Wednesday, March 10, 2010

Dockwise Ltd. announced that contracts have been secured by its subsidiary Dockwise Shipping.  Next to an engineering assignment, the transportation of a semi- submersible rig, a jack- up rig and river barges for a value of $20m were signed for the short term. For execution in 2012 Dockwise received a Letter of Award for the transport and installation by means of a float over of a large offshore production platform in the Far East for a value of $45m.

Dockwise has been contracted to transport drilling rigs to Australia and Rotterdam respectively. The bulk of the rig contract work is for completion within the first half of 2010. Total contract revenues are expected to be approximately $20m.

The letter of award for the new float over brings the current total float-over contracts within Dockwise's backlog to five.  Execution is scheduled for 2012 for a total value of approximately $45m. After the successful completion of the CPOC float-over in August 2009, the addition of this float-over to the already awarded Bongkot (2011), OFON (2012) and Vyborg (2010 and 2011) float-overs is further confirmation of Dockwise's leading position as a full-service float-over contractor to the oil & gas industry.

In a float-over contract, Dockwise delivers value for clients by providing a complete transportation and logistical package, as well as the execution of the technically challenging float-over process.  In view of the trend to module assembly and remote installation in extractive industries, Dockwise is aiming to grow revenues earned in float-overs and logistical management services to approximately 50% of total income in the medium to long term.

André Goedée, Chief Executive, Dockwise Ltd., "Once again, the competitive strength of a large well-dispersed fleet has secured three contracts in a tough spot market. Our float over award, brings the group of float-over contracts in our backlog to five, now totaling almost $200m, and underlines our growth in this segment.”

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Stoody Debuts Technical Services Hotline

Stoody, an ESAB brand, has recently launched the new Stoody Tech Services (STS) hotline to provide a valuable resource to distributors and applicators seeking

Totem Inks LNG Conversion Deal with Keppel

  Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for

Marad Visits TX Maritime Technology & Training Center

United States Maritime Administration tours Maritime Technology and Training Center site.   Administrators from the United States Maritime Administration (MARAD),

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1530 sec (7 req/sec)