Navantia, located in Ferrol, Spain, a naval shipyard, is building the two LHD's for the Australian Navy. The hull of the vessels and its outfitting will, to a large extend be completed by the Spanish yard. The final construction, outfitting and commissioning will be performed by Australian contractors. In this arrangement the transport to Melbourne on the deck of a semi submersible transport vessel is the preferred option. To accommodate the 231 meter long LHD's, Dockwise and Navantia have agreed the use of the Blue Marlin for each of the two transports. Execution of the contracts will take place in 2012 and 2014.

Naval shipyard Zvezda, located in Bolshoi Kamen, Russia, will dismantle the two nuclear powered submarines. This project is sponsored by the Canadian Government under the Global Partnership Programme, originally established by the G8 to stop the proliferation of weapons and materials of mass destruction. The submarines, located in Kamchatka, form part of a larger number of nuclear powered submarines to be dismantled by Zvezda. Dockwise will involve nuclear experts in this project in which safety and security have absolute priority. Execution of the contract will take place in 2009.

The combined value of the contracts is almost 40 million USD. Dockwise's Chief Executive Officer Andre Goedee is pleased with the contracts: "Throughout the years Dockwise has been engaged in projects for different international navies, with a large variety of naval equipment involved. Mobilizing or demobilizing military naval equipment on its own power is, for different reasons, not always possible . The capacity of the Dockwise vessels often allows for creative and unorthodox solutions, apart from other arguments such as safety, security, reduction of wear and tear and predetermined arrival targets. The contribution of these contracts once again indicates the importance of the market diversity on which the Dockwise strategy is built."

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For further information, please contact: Fons van Lith +1441 5991818 Fons.van.lith@dockwise.com About Dockwise Ltd Dockwise Ltd. has a workforce of more than 1200 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 Bermuda with amongst others, operational offices in Breda, The Netherlands. The group's main commercial offices are located in The Netherlands, the United States, China, Korea, Australia and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has offices in France and Italy. The Dockwise Shipping network is supported by agents in Japan, Singapore, Spain, Argentina and Italy. For further information: www.dockwise.com

SOURCE: Dockwise Ltd