Dockwise secures significant new contracts
In a year end update, Dockwise has announced that since the contract awards statement issued on November 19, a further 11 near-term contract wins have been secured by its subsidiary, Dockwise Shipping, for the transportation of rigs, barges and dredging cargoes.
In addition, Dockwise has announced the signing of two Letters of Intent (LOI) for transportation projects utilising its vessel, Blue Marlin in 2011 and 2013.
Dockwise, together with industry partners, has received contract awards to transport various drilling rigs to Brazil, the Gulf of Mexico and Singapore, dredging equipment to Spain and various barges to Rotterdam, Malaysia and Venezuela, respectively. The bulk of the contract work is for completion within Q4 2009, with the remainder to be performed in Q1 2010. Total contract revenues are expected to be approximately USD31 million.