Dockwise Secures $63 in Contracts

Monday, June 01, 2009

Dockwise Ltd. announced eleven near-and longer term contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack-up drilling rigs, semi submersible rigs and port & marine infrastructure. Total revenues for the contracts are approx $63m, adding $33m to the backlog end of Q1 2009.

Dockwise Shipping, in company with industry partners, is to transport the jack up drilling rigs COSL Craft, Shelf Explorer (forth and back), Seajacks Leviathan and Gorilla III to their new assignments in China, Sakhalin, Netherlands and Canada respectively. On behalf of various clients, Dockwise Shipping has been contracted to transport four cranes, dredging equipment, a jack up working platform and an accommodation barge to USA, Equatorial Guinea, Egypt and Angola respectively. All contracts to be executed in Q2, Q3 and Q4 2009. Also to be executed in the second half of 2009 is the transport of semi submersible drilling rig Victoria to Brazil. Turning to longer term contracts Dockwise Shipping has been contracted to transport semi- submersible rig La Muralla to Mexico in 2010. Both the Victoria and La Muralla are 6th generation dynamic positioning rigs.

Of this $63m, $30m was already reported in backlog per 31 March 2009.

André Goedée, Chief Executive, Dockwise Ltd., said, "The market for drilling rig transportation continues to show mobility of rig equipment. With ongoing shortening of lead times to execution Dockwise is able to provide its clients maximum flexibility of its 20 vessel fleet. For the current year we rely on our core heavy marine transport activities. It is encouraging to see that also contracts for the longer term are added to our backlog, underpinning the strategic choices we made. This will increase Dockwise's visibility on future revenues and earnings."

(www.dockwise.com)

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

Contracts

ASRY in Maritime Deal with Relay

UK-based engineering firm signs service agreement to provide direct services to vessels in ASRY, expanding the list of the yard’s onsite specialist contractors.

Huawei Bags MCT Submarine Cable Contract

Huawei Marine has signed a system design and construction agreement with a consortium comprising Telekom Malaysia Berhad, Symphony Communication and Telcotech

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1165 sec (9 req/sec)