BHP Billiton Limited
(ASX:BHP) will invest $US240 million to buy six extra tugs and construct a new eight pen Tug Harbour at Hunt Point in the Port Hedland Port in Western Australia.
The investment will also include the upgrade of workshop facilities, operational and service berths and two small boat moorings at the existing Nelson Point Tug Harbour.
The miner says the project will mitigate the risk of a channel blockage by ensuring the continued safe escort of vessels in and out of the Port Hedland Inner Harbour.
BHP Billiton also believes the project will enable it to safely meet projected demand for tug services and effectively manage shipping risk for all users of the Port Hedland Port.
BHP Billiton reported a net profit of $5.84 billion in the first half of the 2015 financial year.
