Deepwater Seabed Minerals Exploration Project

Press Release
Tuesday, April 23, 2013

Keppel Corporation forms, Ocean Mineral Singapore Pte., to explore for polymetallic nodules several kilometres beneath the ocean's surface.

Polymetallic nodules contain copper, nickel, cobalt and manganese, as well as rare earth minerals, and have the potential of supplying these key metals to meet growing global demand in applications as diverse as construction, aerospace and alternative energy.

OMS has applied to the International Seabed Authority (ISA) for its first seabed exploration licence which will be considered by the ISA in July.

OMS is a Singapore-incorporated company majority owned by Keppel Corporation, with UK Seabed Resources Ltd, a wholly owned subsidiary of London-based Lockheed Martin UK Holdings Ltd and Singapore-based private investment company Lion City Capital Partners Pte. Ltd. as minority shareholders.

Seabed mineral harvesting beyond nations' territorial waters is administered by the International Seabed Authority (ISA) established under the United Nations Convention on the Law of the Sea.

While harvesting polymetallic nodules from the ocean floor at depths of several kilometers has previously been considered uneconomic, the development of new technologies for the offshore oil industry and aerospace industry over the past decade has changed this dynamic.

Nodules can be brought to the surface using a combination of remotely operated or autonomous underwater vehicles, pumps and riser pipes.
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Feds Delay LNG’s Port Ambrose Application

The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.

Viking Bags Charter Deal for AHTS Brage Viking

Viking Supply Ships has entered into a contract with an Oil major for the charter of “Brage Viking” commencing 1stof April 2015. The duration is for 2 years and 8 months firm,

Underwater Engineering

Statoil: Polarled Pipe-Laying Kicks Off

On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas

Submerged Politics in Aussie's $39 bln Submarine Plan

Australian government plans to spend 50 billion Australian dollars (US$39.39 billion) on powerful new submarines, has become a political football at home, reports Reuters.

Moskito to Recover Oil from Sunken Wrecks

A tool for removing oil in submerged vessels was developed in Norway by Miko Marine. Moskito is designed to address the pollution threat that exists with the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0926 sec (11 req/sec)