Fortescue earmarks $200m for Port Hedland tug services

30th May 2016 By: Mariaan Webb - Creamer Media Senior Deputy Editor Online

JOHANNESBURG (miningweekly.com) – Western Australian iron-ore producer Fortescue Metals would spend $200-million on developing tug facilities at Port Hedland, where it had secured a towage licence.

Announcing the award of a licence to become the port's second towage operator, CEO Nev Power said Fortescue subsidiary Pilbara Marine would construct marine and landside facilities for the development of a tug haven behind Anderson Point berths one to three.

The company aimed to start towage services in 2019.

“The introduction of choice and competition through the award of a second licence will benefit all users of the port, and will ensure Fortescue can provide long-term, sustainable towage services crucial to meeting the demands of our customers," Power said.

Iron-ore exports from Port Hedland topped 435-million tonnes in the last financial year.