Acquisition For Dredge Project

The Sam Houston: 1000-Ton Cutter Suction Dredger and Supplies [NIGERIA]

This 1,000-ton, 36-inch marine dredger, along with its many accessories and floating power station, was a project that few in the industry would dare to take on. The tearing down, reassembly and moving of a vessel this size from a fresh-water lake 50 miles inland in central Florida to the port of West Palm Beach, Florida, was nothing less than a monumental task. This difficult move required 115 extra-wide, overweight, as well as super-sized mega loads that involved removing power lines, closing city streets, reinforcing numerous bridges and blocking highways during the midnight hours to accommodate the dozens of Goldhofer 30-axle trailers necessary to handle the loads. Roughly three months later, our parent company, Nationwide Equipment supplied and successfully transported one of the largest cutter suction dredgers from a United States port to the Niger Delta waters in Nigeria offshore. Nationwide Finance accepted customer’s deferred payment terms by Local Bank Guarantee.

Financing: Arranged by Nationwide Finance which successfully raised
required ofshore capital for the project on behalf of Zenith Bank.
Dollar Amount: $45,770,000 (millions)

Contact Nationwide Finance For A Professional Consultation

For over 30 years Nationwide Finance has been raising capital for projects around the globe. Let’s discuss how we can help move your project forward.