Dockwise Signs 3 Contracts

Tuesday, April 29, 2008

Dockwise Ltd. saidthat five contracts have been awarded to their subsidiary Dockwise Shipping for the transportation of three drilling rigs and two voyages with dredging equipment.
Dockwise Shipping will transport miscellaneous dredging equipment for Van Oord Dredging & Marine Contractors and Jan de Nul as well as the jack-up drilling rigs Petrojack II, Aban VIII and Deep Driller IV in 2008.  The new build Jack-up drilling rigs Petrojack II and Aban VIII are currently being completed in Singapore, whereas the Deep Driller IV will be relocated. All contracts contribute to the Dockwise strategic objective to materially expand activities in both rig transport (core business) and transport of offshore production facilities. The total value of the contracts is close to $18 million.

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