Statement re New Construction

Ocean Wilsons Holdings Ld
14 March 2008

OCEAN WILSON HOLDINGS LIMITED announces that its subsidiary Wilson Sons Comercio
Industria e Agencia de Navegacao Ltda. has started construction of four PSVs
(Platform Supply Vessels) for Magallanes de Navegacao S/A, three vessels are
PSV-3000 and one is a PSV-4500.


The total contracted value is approximately US$ 100 million. The contracts  are
forecast to be completed by the beginning of 2011.




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