Dockwise Signs Seven Contracts

Dockwise Signs Seven Contracts

Heavy-load carrier Dockwise has signed seven near-term contracts worth approximately $40 million for the transport of four jack-up rigs, jack-up construction vessels, supply boats and a floating crane barge to Rio de Janeiro, Brazil; Egypt; Sharjah, UAE; Singapore; Rotterdam, The Netherlands; Chabahar, Iran; and Trinidad.

Most of these moves will take place during the second quarter of 2010.

"A stable oil price environment and stronger macroeconomic outlook has coincided with increased tender activity amongst drilling rig contractors, creating opportunities for Dockwise. While the return of tender activity is encouraging, we have yet to see whether this constitutes the beginning of a sustained recovery,” said Chief Executive Andre Goedee.

Netherlands-based Dockwise owns 20 purpose-built semi-submersible vessels and specializes in heavy transport shipping, handling project and heavy-lift cargoes ranging from yachts weighing 10 tons to ultra-heavy and fully-integrated production and drilling platform weighing as much to 73,000 tons, according to the company’s Web site.

Contact Janet Nodar at jcnodar@bellsouth.net.