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Interocean Announces Groundbreaking Ghana Floating Dock Facility

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Specialist provider of offshore support services, Interocean Marine Services (Interocean), has announced it is supporting a groundbreaking floating dock ship project in Ghana, Africa.

In partnership with Prime Meridian Docks Ghana, this major initiative involves the building and operation of a floating dock ship repair facility at the port of Takoradi.

This promising project, nicknamed ‘Project Shiprite’, represents a significant step forward for the maritime industry in the Gulf of Guinea. With a total capital requirement of $137million, the project has already secured full financial backing, ensuring its successful completion.

When finished, Project Shiprite will feature a state-of-the-art 13,500-tonne lift-capacity floating dry dock, 18,000 square meters of reclaimed land, a 200-meter jetty, modern workshops, offices, and an array of heavy marine equipment. These features will provide world-class ship repair and maintenance services to vessels trading in the Gulf of Guinea, positioning Takoradi as a strategic hub for maritime operations in the region.

One of the key advantages of this facility is its ability to boost intra-African trade and strengthen regional economic growth. The project is expected to play a vital role in retaining foreign currency that would have otherwise been lost to overseas shipyards by providing local alternatives for ship repair.

In addition to enhancing local industry, Project Shiprite aligns with the broader goal of fostering economic integration across Africa. By offering essential services within the continent, the facility will also contribute to reducing downtime and operational costs for shipowners in the Gulf of Guinea region.

Commenting on the project, Chief Financial Officer, Simon Laing, said: “The partnership between Interocean’s subsidiary, Rigmar Ghana Ltd, and Prime Meridian Docks, underscores the importance of collaborative efforts in driving innovation and progress within the maritime industry. With Project Shiprite well underway, this facility is set to become a game changer for ship repair and maintenance services in West Africa.

“We would like to extend our thanks to Prime Meridian Docks, the Ghana Ports and Harbours Authority, and China Harbour Engineering Co. for arranging the site visit and providing an extensive tour of the port and its development. It was great to experience a firsthand look at the progress.”



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