Dockwise Sells Dock Express 10 and 12

Thursday, February 12, 2009

Dockwise Ltd. announced the sale of two type IV vessels to focus the company's fleet on premium cargoes. Both Dock Express 10 and 12 have been sold to an undisclosed buyer at a modest book profit to Dockwise. DE 10 was delivered to the buyer on Feb. 10, and DE 12 will be transferred end of April 2009.

The divestment by subsidiaries of the two of Dockwise's type IV vessels,followed from a cost-revenue analysis of the vessels' operation in market segments with a relatively low contribution.  Furthermore, with DE 10 and DE 12 having completed 30 years service, maintenance to meet Dockwise's offshore equipment standards would require additional investment in Life Time Extension. The sale of both vessels is in line with plans previously outlined to enhance the focus of the organization on premium projects requiring the differentiated service potential of type I, II and III vessels.

DE 10 completed its final journey for Dockwise on 9 February 2008. DE 12 will complete its final journey for Dockwise end of April 2009 and will be delivered to the buyer that same day. The buyer will operate both vessels in markets to which Dockwise has no access.
 
André Goedée, Chief Executive, Dockwise Ltd, said "Dockwise intends to expand our value-added transport services, including engineering, installation and project management, and these areas of work require types I, II and III vessels which create the highest value. This divestment optimizes the composition of the Dockwise fleet and increases our focus on the premium end of the business."

(www.dockwise.com)

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

Ship Sales

Japanese Sub Pitch puts off Australian Firms

Japan had been seen as frontrunner for Australian submarine deal, but Australian defence firms unhappy after talks with Japan. A Japanese consortium eyeing a A$50 billion ($35.

G E Shipping Takes Delivery of Bulker

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel was ordered

China’s Shipyards Face Tough Times

As the shipping market continues its prolonged downturn five shipyards have filed for bankruptcy this year, reports SCMP.   China's leading private shipyards

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
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: 0.1420 sec (7 req/sec)