World’s Largest Multi-Purpose Offshore Construction Vessel for Scottish Highlands

Singapore, Jan, 21, 2010 (ME NewsWire): Drydocks World - Southeast Asia Pte Limited (“DDW-SEA”), the Southeast Asian subsidiary of Drydocks World, is pleased to announce that it has secured a new building contract with Scottish Highlands International Inc, a subsidiary of Coastline Maritime Pte Ltd (“Coastline Maritime”), to construct a 210 metres Ultra Large Multi-Purpose Offshore Construction Vessel.

DDW-SEA operates four shipyards in Singapore and on Batam Island Indonesia providing offshore rig construction, volume shipbuilding and ship repair and conversion services. It currently has fourteen offshore supply vessels under construction. Its flagship building is OSA SAMPSON, the second of two Multi-Purpose Offshore Construction Vessels under construction at Drydocks World - Pertama shipyard for Coastline Maritime. The first vessel OSA GOLIATH was delivered in April last year and is currently operating in the Gulf of Mexico.

Denis Welch, CEO of DDW-SEA, commented, “OSA GOLIATH and OSA SAMPSON are in themselves ground breaking vessels with capabilities worthy of their names. The new vessel takes the vision of Coastline Maritime to a new dimension.”

The vessel, designed by Coastline Maritime, will be larger than her sister ships and with a beam of 36 metres is sized to transit the Panama Canal following the planned widening of its lock gates. Like the OSA GOLIATH and OSA SAMPSON the new vessel will be caterpillar diesel-electric powered through a total of seven thrusters providing full DP3 capabilities. She will also be equipped with 4,000 tonnes crane capacity, doubling the capacity of the existing vessels. Accommodation is provided for 400 crew on seven decks.

A representative of Coastline Maritime said, “Our past working experiences with DDW-SEA have given us the confidence in the high quality workmanship and safety standards that DDW-SEA offers. We certainly look forward to working closely with the team at the Pertama yard on this project.”

Mr. Denis Welch, CEO of DDW-SEA said, “We are truly excited about the new order which represents a vote of confidence in our ability to construct innovative vessels. We look forward to continuing the successful relationship with Coastline Maritime.”