Dockwise Gains $56 Million in Heavy Lift Contracts

noble jim day dockwise blue marlin
Dockwise transports Noble Drilling’s 40,000 ton semisubmersible Jim Day aboard the Blue Marlin, image: Dockwise

Dutch heavy lift operator Dockwise announced today that it has been awarded 10 new contracts and contract extensions for the mobilization of six drilling rigs, the transportation of a pipe-lay vessel and transfer station, and the transportation of a hull for a floating production structure.  The total value of these new contracts is reportedly near USD $56 million.

André Goedée, CEO of Dockwise said: “Utilization is increasing slowly but pricing levels remain competitive. We currently observe a general market tendency of delays in the completions of a number of larger projects, including some on which we are actively engaged. These delays could impact timing of the conversion of backlog into revenues. We remain encouraged in seeing that no longer term oil & gas projects have been withdrawn and tender activity is unabated.”

These contracts are expected to be executed in Q4 2012 through Q1 2013.  Dockwise’s stock was up 2.73% today on the Oslo stock exchange.
Dockwise owns a global fleet of 19 semi-submersible heavy lift vessels of different types and designs consisting of:
  • (5) Open-stern vessels (Stern buoyancy, casings can be removed and shifted.)
  • (12) Closed-stern vessels
  • (2) Dock-type vessels