World's Biggest Floating Diamond Processing Vessel Sets Sail

Monday, November 27, 2000
The world's biggest floating diamond processing vessel will set sail for the first time within three weeks and should be in position off Namibia before Christmas, the Namibian Minerals Corporation (NAMCO) said. "This is the biggest offshore diamond processing plant in the world," NAMCO chairman Alastair Holberton told reporters on a tour of the ship in Cape Town harbor. "We expect that in its first work up year in operation it will harvest 200,000 carats of diamonds worth about $30 million," he added. Geologists estimate that up to three billion carats of diamonds lie off the Namibian and South African coasts. NAMCO has four mining vessels, including the new vessel, MV Ya Toivo, to comb the sea bed. Holberton said the latest project had cost NAMCO 200 million rand ($25.71 million). MV Ya Toivo's superstructure is in the final stages of being converted from a British navy nuclear submarine recovery vessel formerly named HMS Challenger. State of the art computers, global positioning satellite systems and high maneuverability allow the ship to be positioned over Namibia's extensive sub-sea diamond beds. A 185-ton underwater caterpillar-tracked vacuum will then be lowered to the seabed where it will begin to suck up the diamonds in clearly defined gravel beds. "It is the largest tracked submersible in the world," Holberton said. - (Reuters)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1054 sec (9 req/sec)