Acquisitions11 Jan 2024, 06:59 pm
Knowledge Marine & Engineering Works Ltd acquires Trailing Suction Hopper Dredger River Pearl 18
AI Summary
Knowledge Marine & Engineering Works Ltd, a leading player in the small marine craft business segment and dredging services in India, has acquired a Trailing Suction Hopper Dredger River Pearl 18 for its sand mining contracts in Bahrain. The vessel is built in Krupp, Germany in 1974 but rebuilt in 2010 and has a projected operational lifespan of approximately 15 years.,
Key Highlights
- KMEW acquires Trailing Suction Hopper Dredger River Pearl 18 for sand mining contracts in Bahrain
- The vessel is built in Krupp, Germany in 1974 but rebuilt in 2010
- The acquisition represents a significant stride towards fulfilling the company's contracted commitments in Bahrain
- The vessel boasts advanced capabilities for efficient extraction of sand from the seabed and seamless transportation over extensive distances