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DOCK NOK13.90 = USD2.70 new contracts!
Published: 16:15 02.04.2008 GMT+2 /HUGIN /Source:
Dockwise Ltd /OSE: DOCK /ISIN: BMG2786A1062

Dockwise is awarded four (4) contracts for transport of drilling and production equipment

Bermuda, April 2, 2008. Dockwise Ltd. announces that their subsidiary Dockwise Shipping was awarded four (4) contracts for the transportation of drilling and production equipment.

Dockwise Shipping will transport jack-up drilling rigs Transocean Nordic, Murmanskaya and Atwoord Aurora within 2008. The PetroProd CJ 70 production rig is currently under construction at Jurong Shipyard in Singapore and is scheduled for delivery in the 3rd quarter of 2010. The PetroProd unit is one of the world's largest production jack-up rigs, with legs of more than 200 m height and with a weight of approx. 33,000 tonnes.

All contracts contribute to the Dockwise strategic objective to materially expand activities in both rig transport (core business) and transport of offshore production facilities. The total value of the four (4) contracts is in excess of USD 25 million.

The financial guidance for 2008 is that adjusted EBITDA will increase by at least 60% relative to 2007.

For further information
Press Analysts
Jacqueline van den Bergen Fons van Lith
[phone] [phone]
[e-mail] [e-mail]


About Dockwise Ltd
Dockwise Ltd. 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 Bermuda with amongst others operational offices in Breda, The Netherlands. The group's main commercial offices are located in The Netherlands, the United States, China, Korea, Australia and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has offices in France and Italy. The Dockwise Shipping network is supported by agents in Japan, Singapore, Spain, Argentina, Australia and Italy.
For further information: www.dockwise.com