August 22, 2008

DEME bags Newcastle dredging contract

It is reported that DEME Group has confirmed that Dredeco Pte Lty a subsidiary of the Belgian dredging and hydraulic engineering contractor has acquired a significant contract for the expansion of the coal export harbour at Newcastle in Australia.

DEME said the contract includes reclamation of land for wharfs, dredging an export harbor and deepening an access channel. A total of 5 million of material will be dredged. The JV will deploy equipment that includes cutter suction dredgers, backhoes and grab dredgers.

The project will take 18 months to complete and should be finished in mid 2009.

DEME said "This project in Australia is another of a series of large scale commodity driven projects on the global maritime infrastructure market. The market is driven by long term factors, such as increases in the global population, the growth of the global economy and international trade volumes and the developments on the energy markets."