Breda, the Netherlands, 14 October 2011. Dockwise Ltd. today announces its second project for the new-build vessel Dockwise Vanguard. Directly following the transportation of the Jack & St. Malo platform to the Gulf of Mexico in 2013, the Dockwise Vanguard will return to Korea to load and transport the Goliat floating, production, storage and offloading vessel [FPSO] to northern Norway.
The investment decision for the construction of the Dockwise Vanguard has facilitated technical optimization of the production platform, whereby the change offers benefits to the Goliat project with respect to transit time and transportation flexibility. The financial result from this contract and the hereby announced change order confirms the earlier made financial prognosis for the vessel in its first year of operation. Aiming at further assignments for this period Dockwise continues to strive for enhanced revenues compared to its initial plan.
The Goliat FPSO will be operated by Eni for oil production of the Goliat field located offshore Northern Norway in sub-arctic conditions. The platform is designed as a fully integrated and enclosed winterized floating production platform (FPSO).
André Goedée, Chief Executive Officer, Dockwise Ltd, said:
"The Vanguard is already adding unique capacity and new flexibility to the Dockwise fleet. This is of particular value for clients with the most challenging assignments. In case of today's announcement we created an opportunity for the client to optimize the project execution schedule with a flexible and robust solution for the transportation of the Goliat FPSO from Korea to Europe. We consider this another strong endorsement of Dockwise's decision to invest in a major new-build asset ahead of the surge in demand for Transport & Installation projects in the next decade."
| Dockwise will publish Q3 results on November 11th 2011 (07:30 hrs CET). This is one week earlier than the previously announced date of November 18th 2011. For further information, please contact: Fons van Lith M: +31 (0)651 314 952 T: +31 (0)76 5484 116 E: Fons.van.lith@dockwise.com (mailto:Fons.van.lith@dockwise.com) About Dockwise Ltd/The Dockwise Group Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1,200, both offshore and onshore. The company is the leading marine contractor, providing total transport services to the offshore, onshore, and yachting industries, as well as installation services for extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The Group's main commercial offices are located in the Netherlands, the United States, and China, with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico, and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Italy. The Dockwise Shipping network is supported by agents in Norway, Argentina, and Italy. To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda, and Shanghai, which manufacture specific motion-reduction equipment, such as LMU (Leg Mating Units) and DMU (Deck Mating Units). Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on NYSE Euronext, Amsterdam under ticker DOCKW. For more information, visit our website at www.dockwise.com (http://www.dockwise.com/) |
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Source: Dockwise Ltd via Thomson Reuters ONE
