Dockwise Strikes COOEC Newbuild Deal

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December 1, 2011

Dockwise said today the company has reached an agreement with China’s Offshore Oil Engineering Co. (COOEC) to act as manager of COOEC’s new build type 1 marine transportation vessel.

The new semi-submersible is currently under construction at China Merchants Yard in Shenzhen and is due for delivery by the end of March 2012. At 222 metres in length and deadweight of 53,500 tonnes, the vessel will be capable of carrying loads of up to 50,000 tonnes.

Dockwise said it will operate the vessel under a management contract in close cooperation with COOEC as part of the Dockwise fleet of semi submersible vessels. Dockwise will be responsible for marketing the vessel and will also be training the permanent crew.

Speaking at the signing ceremony, at the the Marintec convention in Shanghai, Andre Goedee, Chief Executive, Dockwise, said:

“This is an innovative arrangement which brings distinct benefits for both COOEC and Dockwise. COOEC will engage the world’s leading heavy marine transport firm to secure profitable cargoes for their vessel and Dockwise gains access to further, premium, new-build resource for our own clients as demand in the sector moves into rapid growth,” said Andre Goedee, Chief Executive of Dockwise while at the Marintec convention in Shanghai.  “COOEC’s vessel will complement our own fleet capacity during a phase of accelerated offshore project installation and development.”

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