ACP Awards Dredge Design/Build Contract to IHC Beaver Dredgers

On March 14 the Panama Canal Authority (ACP) awarded a $95.920 million contract to design and build a cutter suction dredge to IHC Beaver Dredgers B.V.

The new 12000kW dredge will replace the Mindi which has been in service at the canal since 1942 and has only a 9000kW capacity. With an expected delivery date of May 2011 the new dredge will have the modern equipment systems and components required for efficient operation.