The first dredging phase of the Payra deep-sea port project can now commence as the Payra Port Authority (PPA) has signed an EUR 550 million (USD 647 million) agreement with dredging company Jan De Nul (JDN). The deal between the duo, which will result in the formation of the joint venture company for the task, was signed on December 11, 2017.Scheduled to start in fall 2018, the dredging of the port’s main channel will enable the port to welcome larger ships, The Daily Star reported.In the first phase, JDN plans to deploy up to nine dredgers from its fleet.They will reclaim more than 13 million cubic meters to create land and dredge more than 60 million cubic meters to kick-start the development of the new port, the dredging company said.The Government of Bangladesh considers the development of Payra deep-sea port vital for the development of the country’s infrastructure, trade and commerce. The port is expected to gradually develop in a major transport hub in the region, according to JDN.
Solstad Offshore has entered into a bareboat contract with Saipem Portugal, a subsidiary of Saipem, for the DLB Norce Endeavour lay barge vessel.The contract will begin on the January 02, 2020 and have a firm duration until May 31, 2021 with an optional period of further five months.As part of the bareboat contract Saipem Portugal has the option, at its discretion and subject to, among others, Saipem’s internal approvals, to purchase the DLB Norce Endeavour.DLB Norce Endeavour is a 146 meters length lay barge vessel built in 2010, equipped with a main crane of 1100 mt lift capacity, to be employed for pipelaying activities worldwide.The commercial terms are confidential between the parties. read more