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SeaTech - Trusted solutions
#1

My apologies in case this info has already been discussed in this forum. It is not new in any way, but I for one ran into it today for the first time and thought it might be of interes to others, too:

http://seatechsolutions.com/happenings/


SEATECH DESIGNS WORLD’S FIRST SEABED MINING VESSEL


Singapore, November 11 2014, SeaTech Solutions International (S) Pte Ltd is pleased to announce that it will be performing the basic design for the World’s First Seabed Mining Vessel for Marine Assets Corporation (MAC) and Nautilus Minerals Inc. for use at the Solwara 1 Project.

Nautilus Minerals, a Toronto based company (TSX:NUS, OTCQX: NUSMF) is the leader in the industry to open the first seabed mine. Nautilus plans to mine copper and gold from the Solwara 1 project with a chartered vessel from MAC to act as the floating base for its operations in the territorial waters of Papua New Guinea.

MAC, a Dubai based marine solutions company which specialises in the delivery of new build support vessels for the offshore industry, will own and provide the marine management of the vessel. The vessel will be chartered to Nautilus for a minimum period of five years with options to either extend the charter or purchase the vessel at the end of the five year period.

From what I can tell after a first glance, SeaTech looks to be an experienced ship designer.

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#2
Per the published milestones, SeaTech is to complete the vessel basic design by H2 2015.
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