Keppel Forms Ocean Mineral Singapore
Monday, April 22, 2013

Keppel Corporation Ltd. announced the formation of Ocean Mineral Singapore Pte. Ltd. (OMS), which intends 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 Today

The Maritime Industry's original and most viewed E-News Service

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

People & Company News

Crowley Opens Government Services Office

Crowley Maritime Corp. has opened a new government services office in downtown Norfolk, Va. to help the company better serve government agencies such as the Military Sealift Command (MSC) and the U.

Interview: Mike Petters - President & CEO, HII

Last month Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE:HII), was honored by the Coast Guard Foundation at the 35th Annual Salute to the United States Coast Guard,

McAllister Towing – 150 Years of Family Business

“Early in 1864, a young man names James McAllister stood on board a sailing vessel where he served as a mate. The boat was about to set sail from the Red Bay of


Ballast Water Management in the Field Put to the Test

Turner Designs, along with scientists from around the world participated in a research cruise aboard the RV Meteor, a vessel owned by the Federal Republic of Germany

Out of the Eye ... & Staying There

I have never been in a hurricane. That’s a fact. Actually, my wife likes to say that whenever there is any kind of natural disaster, I’m typically nowhere to be found.

Oshawa Port Authority Joins Green Marine

The Oshawa Port Authority, one of Green Marine’s founding members as the former Oshawa Harbor Commission, announced it is again a Green Marine participant.   Green


Tidal Energy from Deep and Slow Waters

Deep Green, an underwater kite construction from the Swedish company Minesto, is set to be deployed in 2017 at the Holyhead Deep site off the coast of Anglesey, Wales.

Philippines Takes South China Sea Claim to Hague

Could bolster claims by other countries against China; China boycotting proceedings, rejects court's authority. The Philippines asked global judges on Tuesday

Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.

Underwater Engineering

Largest Underwater CO2 Release from Pipeline - DNV GL

Carbon capture, utilisation and storage (CCUS) is gaining momentum to meet stringent climate change goals and secure energy supplies for the future. To fully

Warm Water Mixing up Life in Arctic

AWI researchers’ unique 15-year observation series reveals how sensitive marine ecosystems in polar regions are to change The warming of arctic waters in

Damen Ice class Dredger for Rosmorport

This month Damen Shipyards Group launched ice class Trailing Suction Hopper Dredgers TSHD 2000 for Russian Port Agency FSUE “Rosmorport”.   Song Thu Corporation shipyard in Da Nang,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators
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: 0.0877 sec (11 req/sec)