Nautilus Looks to Joint Venture to Refinance Seafloor Mining Support Vessel

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Nautilus vessel construction surpasses 75% Big Month at Nautilus
The Nautilus production support vessel at Mawei Shipyard in China. Photo: Nautilus Minerals

Maritime Executive | 3 December 2018

Nautilus Minerals has announced that it is currently negotiating the terms of an agreement for a joint venture (JV) to refinance the acquisition of the production support vessel for the Solwara 1 seafloor mining project that it had previously arranged to be procured through MAC Goliath.

The new JV would own and operate the vessel and charter it to the existing Solwara 1 joint venture between Nautilus Minerals Niugini and the Independent State of Papua New Guinea’s nominee, Eda Kopa (Solwara) Limited.

Read the full article here: Nautilus Looks to JV to Refinance Seafloor Mining Support Vessel.