Four years ago the company signed a five-year contract with the Launceston City Council to dredge the Tamar River.
A recent addition to the Tamar River dredging project was a newly completed boost pump.
"It has the capacity to dredge 120cu.m of silt an hour and runs in line with the actual dredge itself," Southern Marine Shiplift general manager Ian Bakes said.
The boost pump was installed about 1km up the dredge pipeline to assist in delivering silt 2.2km to the Ti-Tree Bend silt ponds.
"We have since dredged the synchrolift area to enable us to dock the Farstad oil rig tender called the Lady Kari-Ann which will inject about $1 million into the Launceston community, utilising contractors and sub- contractors in the Launceston area," Mr Bakes said.
Further, the Launceston City Council had engaged the Southern Marine Shiplift dredging facilities to assist with the new retaining wall opposite the Seaport.
"We've been using the Milli Milli dredge and the boost pump to dredge an area so that the Tasports barge can drive the piles, in conjunction and being overseen by Shaw Contracting," Mr Bakes said.
And the benefits to the community were widespread.
"We're enhancing the performance of the Tamar River basin for all its users - the rowing clubs, yacht clubs, jetskiers - and we're making it a lot safer for them to navigate the river," Mr Bakes said.
Besides dredging services, Southern Marine Shiplift also provides ship repair and building services, hydro and abrasive blasting, engineering and machining facilities.
It also operates one of the largest synchrolifts in the southern hemisphere.
The foundries, ship building yards and engineering workshops along the Tamar River's banks on Kings Wharf are among the most comprehensively equipped and modern in Australia.