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Dockwise Ltd : Dockwise Vanguard started maiden trip

BREDA, THE NETHERLANDS -- (Marketwire) -- 02/01/13 -- Following sea trials during the past few weeks, Dockwise now confirms the delivery of Dockwise Vanguard. The vessel has left the yard of Hyundai Heavy Industries ("HHI") this morning and started its maiden trip. Dockwise Vanguard will sail to the Samsung Heavy Industries ("SHI") yard in Korea to pick up the giant hull of the Jack / St Malo semi-submersible floating production facility for transportation to the US Gulf of Mexico.

"We are pleased to see Dockwise Vanguard leave the yard following a delivery without a single LTI (Lost Time Incident), on schedule for its maiden trip for one of our key customers. As said before, we are confident that that the Vanguard will rapidly earn its place in the market and has the potential to create a new market of its own", comments André Goedée, Dockwise's CEO.

About Dockwise Ltd. / Dockwise Group

Dockwise Ltd., a Bermuda incorporated Company, has a workforce of more than 1,300 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 Breda, the Netherlands. The Group's main commercial offices are located in the Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Italy. The Dockwise Shipping network is supported by agents in Norway, Argentina and Italy.

To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shanghai, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and operates a fleet of 25 purpose built semi-submersible vessels (including White Marlin).

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on NYSE Euronext Amsterdam under ticker DOCKW.

For further information:

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Dockwise Ltd via Thomson Reuters ONE


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