Bermuda-based marine contractor Dockwise Ltd.'s subsidiary Dockwise Shipping has entered into contracts worth a combined $40 million with the Spanish naval shipyard Navantia for the transport of two Canberra-class amphibious helicopter carriers (LHD) and with the Russian naval shipyard Zvezda for the transport of two nuclear-powered submarines.

Navantia, located in Ferrol, Spain, a naval shipyard, is building the two LHD's for the Australian Navy. The hull of the vessels and its outfitting will, to a large extent be completed by the Spanish yard. The final construction, outfitting and commissioning will be performed by Australian contractors. Execution of the contracts will take place in 2012 and 2014.

Naval shipyard Zvezda, located in Bolshoi Kamen, Russia, will dismantle the two nuclear powered submarines.