Dockwise to build Super Vessel

Dockwise Ltd. announces that its Board of Directors has approved the commissioning of a newbuild vessel to serve the emerging demand for ocean transports of up to and above 100,000 metric tons. The decision is subject to approval by a Special General Meeting of shareholders to authorize the proposed USD 100 million rights issue to part-finance the investment. As announced in relation to the Q2 results in August 2010, Dockwise has been studying the feasibility of investing in a new semi-submersible monohull vessel, bigger than its current largest vessel, the Blue Marlin. GE Oil & Gas' Drilling & Production business has received two contracts totaling more than $120m from Daewoo Shipbuilding & Marine Engineering Co., Ltd of South Korea, engaged in building ships and offshore structures.

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News & Politics

Tags:

• Dockwise Ltd.
• Board of Directors
• newbuild vessel
• ocean transports
• Blue Marlin
• GE Oil & Gas
• Drilling & Production
• South Korea
• blowout preventer
• Petroserv-owned drillship
• oil and gas production
• Odebrecht Oil & Gas