IMO ENVIRONMENTAL REGULATIONS
Are IMO regulations tough enough to keep national governments from imposing stricter measures?

Yes--Mostly
Only partly
No--expect a slew of regional regs!

Marine Log

August 22, 2007

Dockwise awarded float-over contract

Dockwise Ltd ("Dockwise") has been awarded a contract for the float-over and installation of an offshore module by the Thai-Malaysian company CPOC (Carigali-PTTEPI Operation Company).

The 19,000 tonnes topside (MDPP deck) will be transported and installed by Dockwise in 2009 in the Joint Development Area, the economic zone located offshore between Malaysia and Thailand in the Gulf of Thailand. The value of the contract is between $25 million and $35 million.

The MDPP deck will be transported and installed by the Dockwise semi-sumersible heavy transport vessel Black Marlin.

Mr. André Goedée, CEO of Dockwise Ltd, says: "We are very pleased that CPOC has awarded Dockwise this contract. Also, our recent acquisition of Offshore Kinematics Inc. (OKI) and Ocean Dynamics LLC (ODL) has contributed to obtaining this contract. The contract award illustrates the possible advantages of joining OKI and ODL's experience in the installation of offshore modules with our existing assets, namely our large open stern semi submersible vessels, and our established engineering and project management capabilities. With this contract, management is further strengthened in its aim of developing Dockwise's float-over and installation business, along with its traditional heavy lift transport services."

Following the recent combination with Dockwise Ltd (then named Sealift Ltd), the Dockwise Group currently owns a fleet of 22 vessels, of which 17 are semi-submersible heavy transport vessels and the remaining five are due to be converted into semisubmersible heavy transport vessels. In addition, the Dockwise Group offers engineering, project management and front-end engineering design, particularly in the transportation and installation of offshore structures business. This capability has been further enhanced by the recent acquisitions of Offshore Kinematics Inc and Ocean Dynamics LLC.

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