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OSA GOLIATH

April 23, 2009

Drydocks World delivers world's largest OCV

Drydocks World, announced the delivery of the multipurpose Offshore Construction Vessel OSA Goliath, at its Pertama, Indonesia, yard today.

Built for Singapore's Coastline Maritime, the 22,000 dwt vessel has dimensions of 180 m x 32 m x 12 m, making it "undoubtedly the world's largest vessel in its class built so far," according to Drydocks World.

It is equipped with DP-3 and a 2,000-tonne crane to install offshore platforms and pipelines in deep waters. In addition to OSA Goliath, Coastline has a similar vessel, OSA Samson, currently under construction at the same shipyard, scheduled for delivery in the first quarter of 2010.

Mr. Terry Highlands, CEO of Coastline Maritime said, "Our ships, constructed at Drydocks World -- Pertama yard, are the world's largest multi-purpose offshore construction vessels. The projects could not have been realized without the focus on high safety standards, technical expertise and teamwork evident at the yard."

Mr. Denis Welch, CEO of Drydocks World -- Southeast Asia said, "OSA Goliath is a valuable testimony to our flexible, well-equipped ISO certified shipbuilding facilities at the Drydocks World --Pertama yard, which can only be achieved through adherence to the highest technical international standards and strong technical capabilities. Going forward, we will continue to deliver high quality new building projects and meet our customers' expectations."


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