Timblo Drydocks secures five-vessel Bangladesh order

Goa-based Timblo Drydocks, part of the Panduranga Timblo Group, has secured a contract to construct a complete set of dredging facilities for the Mongla Port Authority, Bangladesh. The project includes the construction of five vessels, comprising one 46cm cutter suction dredger and four support vessels, including accommodation craft.
The contract, worth a total of US$8.5M, was signed at the Mongla Port Authority headquarters in Mongla, Bangladesh, earlier this month by executive director of Timblo Drydocks, Sarvesh Pramod Timblo, and chairman of Mongla Port Authority, Commodore MH Bhuiyan.
The project is being financed under a soft loan finance scheme sanctioned by the Indian Government to Bangladesh through the EXIM Bank of India and is designed to foster close trade links between India and Bangladesh.
The supply of dredging equipment to Mongla Port Authority will be made in support of the port’s development programme which includes maintenance dredging, improvement of aids to navigation, the development of two additional cargo berths and procurement of container handling equipment.
Timblo Drydocks will work closely with Western Marine Shipyard of Chittagong, Bangladesh, on the project, which will see the vessels and equipment delivered within a timeframe of 18 months.
Source: Imarest