KPS IREM SULTAN

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Latest news

Powership headed for Iraq

The "Karadeniz Powership Irem Sultan" will leave Istanbul today for its first task of providing power for the residents of the city of Basra, Iraq, under contract for 3 years. The "KPS Irem Sultan" is the fifth powership constructed by the Turkish company Karadeniz Holding. The previous four powerships produced by the same company are currently in service in Iraq and Pakistan. Source (Turkish): http://bit.ly/ncPy33

KPS IREM SULTAN 8222252

July 23, 2010 -- Breda; Dockwise Ltd. announces the sale of type IV vessel MV Enterprise to optimize the composition of the company's fleet with an increasing focus on premium cargoes. MV Enterprise has been sold to an undisclosed buyer and will be delivered to the buyer end of July 2010. The divestment of this type IV vessel followed from a cost-revenue analysis of the vessels' operation in market segments with a relatively low contribution. Furthermore with MV Enterprise having completed almost 30 years of service, maintenance to meet Dockwise's offshore equipment standards would require additional investment in Life Time Extension. MV Enterprise will upon delivery to the buyer be transformed into a floating power plant.