Mammoet Canada Eastern Ltd., Port of Argentia Inc., and Argentia Capital Inc. (ACI) have signed a Memorandum of Understanding (MOU) to advance the development of a floating dry dock and marine repair facility at Port of Argentia. The initiative brings innovative marine technology and new industrial capacity to Newfoundland and Labrador.

The partnership integrates Mammoet’s global expertise in engineered heavy lifting, transport, and marine operations, specialized technology from its subsidiary Tugdock Submersible Platforms Ltd., and Port of Argentia’s strategic marine infrastructure and development capabilities.

At the center of the initiative is Tugdock’s Submersible Platform (TSP), a modular floating dry dock system designed to accommodate a wide range of vessels and industrial applications.…