New partnership moves floating dock project forward
Project Shiprite seen as a gamechanger for Africa
GHANA: Following the announcement of additional funding for the construction of a floating dock facility in June this year, Interocean Marine Services (Interocean) has confirmed a partnership with Prime Meridian Docks Ghana in the facility.
Nicknamed Project Shiprite, the development is fully funded at a total cost of $137 million and is seen as a major boost for the maritime industry in the Gulf of Guinea.
The facility will feature a 13,500-tonne lift-capacity floating dry dock, 18,000 square metres of reclaimed land, a 200-metre jetty, modern workshops, offices, and an array of heavy marine equipment. The project is expected to play a vital role in retaining foreign currency that would have otherwise been lost to overseas shipyards by providing local alternatives for ship repair.
In addition to enhancing local industry, Project Shiprite aligns with the broader goal of fostering economic integration across Africa. By offering essential services within the continent, the facility will also contribute to reducing downtime and operational costs for shipowners in the region.
“With Project Shiprite well underway, this facility is set to become a game changer for ship repair and maintenance services in West Africa.”
Commenting on the project, Chief Financial Officer, Simon Laing, said: “The partnership between Interocean’s subsidiary, Rigmar Ghana Ltd, and Prime Meridian Docks, underscores the importance of collaborative efforts in driving innovation and progress within the maritime industry. With Project Shiprite well underway, this facility is set to become a game changer for ship repair and maintenance services in West Africa.”
PHOTO: Interocean CFO, Simon Laing, with some key project members.
1911