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.

Jude    Maritime News     blowout preventer, Blue Marlin, Board of Directors, Daewoo Shipbuilding & Marine Engineering Co., Dockwise Ltd., Drilling & Production, GE Oil & Gas, newbuild vessel, ocean transports, Odebrecht Oil & Gas, oil and gas production, Petroserv-owned drillship, semi-submersible monohull vessel, South Korea

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