Guyana, Ghanaian companies to construct ship repair, maintenance facility
The ship repair facility will boast of a newbuild floating drydock of 110 meters in length with a 5,000-ton lift capacity among others
PMD Offshore Limited, a Ghanaian dry docking and ship repair entity, and Guyana Port Inc., a ship repair and dry-docking entity in Guyana have formed Demerara Docks Inc., a joint venture company that will build a new world-class and state-of-the-art ship repair and maintenance facility in Guyana.
When fully operational, the facility will boast of a newbuild floating drydock of 110 meters in length with a 5,000-ton lift capacity, a 12,000 square meter laydown area, and 100 meters of quay at a water depth of 11.5 meters. The entities decided to join forces in keeping with the Government of Guyana’s local content policy.
This partnership comes at an opportune time as the Government of Guyana has recognized and expressed that a world-class, state-of-the-art ship repair facility is needed and is further encouraging investments into and expansion of Guyana’s existing ship repair service sector. It is widely accepted that local participation in this sector in a meaningful way will significantly impact the Guyanese economy.
PMD Offshore Limited has built endearing partnerships with the likes of African Export-Import Bank, African Development Bank, Trade and Development Bank of East Africa, Petra Pension Schemes, ARM Harith Infrastructure Limited, China Harbour Engineering Company, Sellhorn Ingenieurgesellschaft mbH, Ghana Ports and Harbours Authority, Rigmar Services UK, Noble Drilling, etc.
Guyana Port Inc. has over five years of experience in general repair services, sandblasting, painting, propulsion, and marine fitting amongst others. [Extracted and modified from a press release issued by the Ghana Chamber of Commerce Guyana.]
Reporting by Wilberforce Asare in Accra
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