Dockwise Takes Delivery of MV Triumph

After successfully completing the submerging test and sea trials, MV Triumph has been delivered to the owners on 16 December 2008.

The heavy transport vessel is designed to transport complex, high-value cargo like jack- up drilling units and has a carrying capacity in excess of 35,000 tons. Triumph will load its first cargo in Singapore. This vessel was converted at the Cosco shipyard at Guangzhou, China. During the conversion, the entire midship section has been replaced and machinery and equipment were fully revised and renewed.

The conversion of Trumph forms part of Dockwise's $220m Capital expenditure program for 2008. This program can be completed from operating cashflows. Remaining payments relating to the conversion of TRIUMPH are approximately $23m. From 2009 Capital expenditure will return to maintenance levels of some $50m per annum.
 
To ensure the most effective way of operating the vessel, Dockwise has appointed Anglo-Eastern Ship Management to provide technical and crew management. As such, the new vessels will operate under the same management systems as the existing Dockwise vessels. 

(www.dockwise.com)