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Dockwise Transport Bv News

25 Jun 2009

Dockwise Reduces Debt by $58m in Q2

Dockwise announced that it expects to reduce its debt by a total of $58m to just below $963m by the end of Q2 2009. Following its 18-month refurbishment, MV Mighty Servant 3 will shortly rejoin the fleet of Dockwise Transport B.V., a wholly owned subsidiary of Dockwise Ltd. Mighty Servant 3 will bring Dockwise's total fleet to 20 semi submersible vessels. Delivery of the vessel triggers the release of the remaining $40.6m currently held in escrow to cover the costs of reinstatement and vendor compensation. Settlement of the previously announced debt buy back is scheduled for 30 June 2009. As a result, the group's debt will reduce by some $8.5m. Dockwise agreed the sales of Dock Express 10 and 12 in 2008 as part of its strategy to optimize fleet composition.

31 Dec 2007

Dockwise Takes Delivery of Heavy Transport Vessels

Following the delivery of the Transporter in May 2007, heavy lift vessel Target, one of the former Sealift vessels, now joins the fleet of Dockwise Transport BV, a wholly owned subsidiary of Dockwise Ltd. The Target is the second of six singlehull tankers to be converted into heavy lift vessels. These six vessels, recently added to the Dockwise fleet, of which the last is scheduled for delivery at the end of 2008, will enable Dockwise to optimize strategic deployment of the 22-vessel fleet to best serve the various markets. More specifically, Dockwise will be able to provide clients with unparalleled flexibility in using various types of vessels, reducing risk and increasing scheduling and contracting opportunities for different clients.

27 Dec 2007

Dockwise Transport BV Receives Heavy Lift Vessel

Following the delivery of the "Transporter" in May 2007, heavy lift vessel "Target", one of the former Sealift vessels, now joins the fleet of Dockwise Transport BV, a wholly owned subsidiary of Dockwise Ltd. The "Target" is the second of six single-hull tankers to be converted into heavy lift vessels. These six vessels, recently added to the Dockwise fleet, of which the last is scheduled for delivery at the end of 2008, will enable Dockwise to optimize strategic deployment of the 22-vessel fleet to best serve the various markets. More specifically, Dockwise will be able to provide clients with unparalleled flexibility in using various types of vessels, reducing risk and increasing scheduling and contracting opportunities for different clients.