Indian shipyard will supply dredging equipment that will play a key role in development plan for Bangladesh’s second largest port
August 14, 2013, Margao, Goa. 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 18-inch cutter suction dredger and four support vessels, including accommodation craft.
The contract, worth a total of USD8.5m, 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 designed to foster close trade links between India and Bangladesh.
Speaking at the contract signing, Timblo Drydocks Executive Director Sarvesh Pramod Timblo said:
“Timblo is proud to have been awarded this project and we look forward to working with our partners to deliver a world class set of dredging equipment to Mongla Port Authority. Timblo has a long history of designing and building innovative vessels and this contract continues this tradition and positions us to attract further contracts in the dredging market in Asia and further abroad.”
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.
About Panduranga Timblo Group
A family-owned business established in the 1940s with its origins in iron ore mining in Goa, today the Panduranga Timblo Group (PTG) has operations in India, with plans for expansion in the Middle East and South East Asia. PTG founded its shipbuilding business, Timblo Drydocks Private Limited (TDPL), located on the Southern banks of the river Zuari in Goa, some 40 years ago, initially building barges to enable the transit of iron ore to deepwater channels in Goa for its parent company and third parties. TDPL has extended its product range over the years to include design and construction of harbour patrol craft, passenger ferries, luxury yachts, workboats, inland barges, coastal vessels, tugs, offshore support vessels, containerships, tankers, multipurpose cargo vessels and pontoons.
In 2008 the group founded Timblo Shipyards Private Limited (TSPL), acquiring around 200 acres of waterfront land in Dabhol, Maharastra. The TSPL facility includes a floating dock and offers dry docking, maintenance, shiprepair, shipbuilding and outfitting services to owners in the port and terminal services, offshore support vessel and harbour towage sectors.