Dockwise Ltd: Backlog Update: USD 85 Million in New Awards;

BREDA, THE NETHERLANDS -- (Marketwire) -- 06/21/12 -- Dockwise Ltd. today announces nearUSD 85million backlog additions in new contracts, bringing total for this quartertoapproximately USD 102 million

Dockwise was awarded fifteen short term contracts, mainly for execution inQ2and Q3 2012. The projects include twelve jack-up rig transports for variousowners to different regions.

On longer term assignments, Dockwise reached a final agreement on a largeextension of scope for an existing oil & gas offshore transport. Theextensionadds to the initially signed LOI for the project which was already includedinthe Q1 2011 backlog. The changes involve vessel modification and additionaloutfitting scope for the transport originating in the Far East. Projectscheduled to be executed in 2015-2016 timeframe.

About Dockwise Ltd/Dockwise Group

Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than1200 people both offshore and onshore. The company is the leading marinecontractor providing total transport services to the offshore, onshore andyachting industries as well as installation services of extremely heavyoffshoreplatforms. The Group is headquartered in Breda, the Netherlands. TheGroup'smain commercial offices are located in The Netherlands, the United StatesandChina with sales offices in Korea, Australia, Brazil, Russia, Singapore,Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit isheadquartered in Fort Lauderdale and has an office in Genoa, Italy. TheDockwiseShipping network is supported by a global network of agents.

To support all of its services to customers, the group also has threeadditionalengineering centers in Houston, Breda and Shanghai, manufactures specificmotionreduction equipment such as LMU (Leg Mating Units) and DMU (Deck MatingUnits)and owns a fleet of 19 purpose built, semi-submersible vessels.

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

This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.

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Source: Dockwise Ltd via Thomson Reuters ONE[HUG#1621124]

Source: Dockwise Ltd