Eighteen Yachts Carpool Across the Ocean

Super Ship Yacht Express Sets Off on Maiden Spring Voyage

BREDA, NORWAY -- (MARKET WIRE) -- 04/10/08 -- Dockwise Ltd., the parent company of The Dockwise Group of companies (the "Dockwise Group"), announces that Dockwise Yacht Transport's (DYT) newest ship, the 687.5-foot (209 meter) Yacht Express, left Ft. Lauderdale today with a full load of cargo: $154 million worth of private luxury yachts. Headquartered in Ft. Lauderdale, Florida, DYT is a wholly owned subsidiary of Dockwise Ltd., the global leader in maritime transports and installation.

The largest vessel of its kind in the world, Yacht Express, was purpose-built at Yantai Raffles Shipyard in China with a semi-submersible dock bay that allows yachts of any size to be safely floated on and off as cargo. "We're proud to announce this first run of the Yacht Express on a regularly scheduled round-trip route between Florida and the Mediterranean" said Andre Goedee, CEO of Dockwise Ltd. " This typically takes 15 days each way. The super ship's size and power (it has a service speed of 18 knots) can pare down the transport time to as few as 10 days."

The float-on/float-off process is unique to DYT, which operates three other semi-submersible yacht carriers. "The first Trans-Atlantic spring voyage of Yacht Express is a great milestone for us and the yachting community," said DYT President Clemens van der Werf, "as it provides yacht owners with a state-of-the-art transport facility with additional accommodations for crew who are riding along." Yacht Express is more than 130 feet longer than DYT's other carriers and features such added amenities as complimentary cabins, an atrium with lounge bar and swimming pool, restaurant and cinema, as well as conference, media and fitness facilities.

"I'm half tempted to come back across on the ship myself in the fall," said owner John Walsey (San Francisco, California), whose first mate is accompanying Walsey's new power yacht, the 121-foot Broward named Java, on the ride across the ocean. "Or maybe I should just charge my crew members for the ride, since this is like being on a cruise ship," he joked. Walsey, who has used DYT's float-on/float-off services a half-dozen times, toured the ship while Java was being loaded. With the rising costs of diesel, he calculates that the price tag for the DYT service saves him money in the long run, not to mention time. "It also allows the rest of the crew some time off," he said, "and alleviates wear and tear on the boat and its engine."

About DYT Since its maiden voyage in 1987, DYT has transported over 9,000 motor and sailing yachts to various destinations around the globe, offering yacht owners safe and easy access to many of the world's premier cruising grounds.

DYT has partnered with the International SeaKeepers Society to outfit the new ship with the modular SeaKeeper 1000TM ocean and meteorological monitoring system. The SeaKeeper 1000 is a fully automated unit that samples, measures, records and transmits critical measures of ocean health--salinity, temperature, oxygen and pollution, among others--to various scientific and public communities across the globe.

Along with area representatives around the world, DYT has additional operating offices in Italy, France, Martinique and Newport (R.I.). A partnership with BBC Chartering and Logistics also allows DYT to manage safe lift-on/lift-off service aboard BBC's fleet of 140 cargo vessels worldwide. The service is for clients who need additional scheduling flexibility or the ability to get to a destination not normally serviced by DYT's semi-submersible ships.

About Dockwise: 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. The group's main commercial and operational 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, with commercial offices in France and Italy. The Dockwise Shipping network is supported by agents in Japan, Singapore, Spain, Argentina, Australia and Italy. To support all of its services to customers, the group operates three engineering centers in Houston, Breda, Shenzhen and provides design and fabrication of specific float-over equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units). The Dockwise Group owns a fleet of 22 purpose built semi-submersible vessels of which currently 17 are operational and 5 will become operational during 2008.

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK.

For further information: www.dockwise.com

Note: not for publication

For further information please contact: Headquarter Johannes Heemskerk Tel:+ 1 441 295 7149

Analysts Fons van Lith Tel : +31 (0)6 51 31 49 52

Press Jacqueline van den Bergen Tel: +31(0)6 22 44 84 35

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Copyright Copyright Hugin AS 2008. All rights reserved.

2008-04-10 17:06:25 0333499 MARKETWIRE