Dockwise Secures $ 27 M in Near-Term Contract

Dockwise Ltd. announces 8 new near-term contract wins awarded to its subsidiary, Dockwise Shipping, for the transportation of a jack up drilling rig and port & marine infrastructure.

Dockwise Shipping, in cooperation with industry partners, is to transport 1 jack up drilling rig to Egypt, a jack- up barge to Australia, cargoes with dredging equipment and various port and marine infrastructure to the USA, river tankers to Panama and 3 ferries in different journeys to Abu Dhabi. The contracts will be carried out in Q3 and Q4 2009. Total revenues for the contracts are approximately USD 27 million.