Dockwise announces the conversion of two letters of intent into long term contacts and closure of USD 30 Million in Heavy Marine Transport contracts

Breda, The Netherlands, December 31, 2010 Dockwise announces that it has signed a contract for USD 25 mln, with an affiliate of Chevron U.S.A. Inc. regarding the transportation of the Jack & St. Malo hull from Korea to the Gulf of Mexico. It is the intention of the parties that this contract – already included in the Q3 backlog as a Letter of Intent (LOI) – will be executed on the new T-0 vessel.