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Press Release
 Design and construction of Panamanian backhoe dredger awarded to IHC MerwedeMay 6, 2011 - IHC Merwede has been awarded the contract to design and construct a backhoe dredger for the Panama Canal Authority (ACP). In its bid, IHC Merwede was successful against a strong field of international competitors. The contract is worth US$43 million, and thanks to such projects, the development of the company's order book is in line with turnover expectations.  Proven success The backhoe dredger is not the first Panamanian project for IHC Merwede. In 2008, the company was awarded the design and build of a custom-built cutter suction dredger. With the successful delivery of this vessel, QUIBIAN 1, IHC Merwede has already proved to be a professional and reliable partner for ACP. State-of-the-art equipment The vessel will be constructed using the latest technological developments. The improved design results in extremely high stability, shorter cycle times and therefore higher production rates. The most important piece of equipment on the backhoe dredger is the hydraulic excavator. This will be powered by diesel engines and have the capacity to dredge to a depth of 19.5 metres underwater. IHC Global Production IHC Global Production, an IHC Merwede business unit that specialises in the design and construction of special vessels - such as backhoe dredgers - is responsible for the assignment. As expected, the vessel will be delivered in December 2012 and will initially work on the Panama Canal's ongoing expansion programme. 2011-05-11
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