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Thursday, March 28, 2024
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Ya Toivo News

08 Nov 2000

Polish Shipbuilding Industry Consolidates, While Competition Continues To Boom

Poland boasts a varied and capable ship and boat building and repair base, a core of shipyards and marine equipment suppliers tested and proven to provide advanced marine solutions for owners both domestic and foreign. The companies, which constitute the Polish marine industry, are not unlike their colleagues from around the globe, in that the market forces of consolidation and competition continue to shape and re-shape the industry today. A sign of arrival was seen earlier this year, when Stocznia Gdynia was one of the more active participants in the push to purchase Kvaerner's two high-valued Masa-Yards facilities in Finland, and its announcement of an impending Initial Public Offering. The following serves as an update on Polish marine activities.

27 Nov 2000

World's Biggest Floating Diamond Processing Vessel Sets Sail

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).