Hydrographic Company to invest $264 million in dredging fleet

FSUE Hydrographic Company is looking into investing about RUB 20 billion ($264 million) in construction of its own dredging fleet.

This information was revealed yesterday Aleksandr Bengert, General Director of Hydrographic Company, at the 5th International Congress “Hydraulic Engineering Structures and Dredging” being held by IAA PortNews in Moscow.

According to the speaker, maintenance dredging in the Arctic will make about 5 million cbm per year from 2023-24, and that entails the need to involve a certain number of specialized vessels.

The company is going to have a fleet comprising trailing suction hopper dredgers (TSHDs), ships for seabed intervention, a backhoe dredger and hydrographic survey vessels.

Hydrographic Company is already in a process of developing a related investment programme.

Its implementation is planned for 2023-30, said Bengert.