Sealift / Dockwise take delivery of first of series of 6 semi-submersible heavy transport vessels

After the recent merger with Sealift Ltd, the OTC listed company, the new heavy lift vessel “Transporter” joins the fleet of Dockwise. The Transporter is the first of a series of 6 vessels to be converted from single hull tankers into heavy lift vessels.

These 6 new vessels, the last one currently scheduled to be delivered by the end of 2008, will enable Dockwise to strategically match the fleet of 22 vessels to best serve the different markets. Specifically, Dockwise will be able to provide clients with an unmatched flexibility of different types of vessels resulting in reduced risk and added opportunities for scheduling and contracting for the different clients.