Dockwise to manage and market new COOEC 50000 tonnes Semi Submersible Heavy Lift Vessel

BREDA, THE NETHERLANDS, Dec 01, 2011 (MARKETWIRE via COMTEX) -- Dockwise Ltd today announces it has reached agreement with Offshore Oil Engineering Co. Ltd. (COOEC) to act as manager of COOEC's new build type 1 marine transportation vessel for all third party projects.
The new vessel, a semi-submersible, currently under construction at China Merchants Yard in Shenzhen, is due for delivery by the end of March 2012. At 222 metres in length and deadweight of 53,500 tonnes, the vessel will be capable of carrying loads of up to 50,000 tonnes.
Dockwise will operate the vessel under a management contract in close cooperation with COOEC as part of the total Dockwise fleet of semi submersible vessels. Dockwise will be responsible for marketing the vessel and will be training the permanent crew.
Speaking at the signing ceremony, at the the Marintec convention in Shanghai, Andre Goedee, Chief Executive, Dockwise, said:
"This is an innovative arrangement which brings distinct benefits for both COOEC and Dockwise. COOEC will engage the world's leading heavy marine transport firm to secure profitable cargoes for their vessel and Dockwise gains access to further, premium, new-build resource for our own clients as demand in the sector moves into rapid growth. COOEC's vessel will complement our own fleet capacity during a phase of accelerated offshore project installation and development."