SMIT Contracted to Salvage Dockwise Vessel

Dockwise has contracted SMIT Salvage to salvage the Mighty Servant 3. Dockwise has chosen Smit for their experience and the fact that they have equipment ready near the North Angolan coast where the vessel is resting at the sea bottom in approx. 203 ft. of water after it sank in December 2006. Over the last weeks SMIT Salvage already conducted a complete diving survey to investigate the situation and remove the vessel’s bunker oil and pollutants that were on board. Now all the bunker oil is removed, the salvage operation can start. The Mighty Servant 3 will be recovered with the aid of the sheerlegs cranebarge Taklift 7 and by pressurizing the various compartments with compressed air. The salvage operation will likely take a few weeks. The cause of the incident will be further investigated once the vessel is lifted. As soon as the vessel is fully recovered Dockwise intends to award a repair contract to a yard still to be nominated. The company expects to have the vessel back in operation in the first quarter of 2008.