Dockwise Order Book Update

The Netherlands based, Dockwise Ltd reports a backlog of USD 85 Million in new orders awarded

Dockwise Ltd. announces near USD 85 million backlog additions in new contracts, bringing total for this quarter to approximately USD 102 million.

Dockwise was awarded fifteen short term contracts, mainly for execution in Q2 and Q3 2012. The projects include twelve jack-up rig transports for various owners to different regions.

On longer term assignments, Dockwise reached a final agreement on a large extension of scope for an existing oil & gas offshore transport. The extension adds to the initially signed LOI for the project which was already included in the Q1 2011 backlog. The changes involve vessel modification and additional outfitting scope for the transport originating in the Far East. Project scheduled to be executed in 2015-2016 timeframe.

Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1200 people 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 of extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands.