DOCKF.pk (NOK 15.30 = USD 2.99, vol 115k)
Dockwise's last tanker accepted by Shipyard for conversion into heavy lift vessel
Bermuda, Hamilton, April 24, 2008
The former Sealift/Frontline Suezmax tanker 'Marble', now owned by a subsidiary of Dockwise Ltd., and renamed "Triumph", has been accepted by Cosco Guangdong Shipyard on April 18, 2008. The conversion into a heavy lift vessel has started immediately by placing the vessel in drydock.
The conversion from a tanker into a heavy lift vessel embodies the complete renewal of the entire midship section after removing the original cargo section.
Construction of the new midship section started October 2007 and is presently reaching the final stage of completion. The new midship section of 130 x 44.5 x 14 mtr., which will replace the old midbody of 174 x 44.5 x 24 mtr., will be joined to the original bow and stern section.
The conversion of the remaining single hull Suezmax tankers to semi- submersible heavy lift vessels is in full progress and the last four (4) vessels will, as earlier indicated, join the fleet during 2008, starting with "Talisman" in May.
About Dockwise Ltd./the Dockwise Group
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, 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.
To support all of its services to customers, the group includes three engineering centers in Houston, Breda and Shenzhen, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 22 purpose built semi-submersible vessels of which currently 17 are operational and 5 will become operational during 2008.
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK.
For further information: www.dockwise.com
Published: 16:08 25.04.2008 GMT+2 /HUGIN /Source: Dockwise Ltd /OSE: DOCK /ISIN: BMG2786A1062
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