Debmarine Namibia secures funding for the building of the new diamond exploration and sampling vessel

May 18, 2015, 10:25am

Debmarine Namibia secures funding for the building of the new diamond exploration and sampling vessel

The construction of the Debmarine Namibia diamond exploration and sampling vessel will commence after the company secured co-funding from local commercial banks.

The state-of-the art diamond exploration and sampling vessel will be built in Norway by Kleven Verft AS, a Norwegian shipbuilding group. Named after the Founding President, the mv SS Nujoma will be custom-built for Debmarine Namibia exploration purposes and will be the first-of-its-kind. It will include a wide range of tailor made equipment and features. The highly specialised and technologically advanced diamond exploration and sampling vessel will be used for deep water mineral exploration, to support Debmarine Namibia’s five diamond production vessels.

Debmarine Namibia will cover 25% of total project cost and the balance through the local banks namely, Standard Bank Namibia and RMB Namibia, a division of the First National Bank of Namibia. The total project cost is N$ 2.3 billion.

The 113 meter-long diamond exploration and sampling vessel with a total displacement of 12 000 tonnes, is expected to accommodate up to 80 crew members at any given time. The vessel will be diesel electric powered. Like all other Debmarine Namibia vessels, the new vessel will be expected to remain in exploration operation for three years before it returns to port for maintenance, as per ship classification requirements.

The new diamond exploration and sampling vessel will become the sixth member of the Debmarine Namibia fleet to be registered at the Port of Lϋderitz. The Company currently operates five diamond mining vessels, namely Debmar Atlantic, Debmar Pacific, !Gariep, Grand Banks and Mafuta.

The concept, pre-feasibility and feasibility studies were all done internally and we, at Debmarine Namibia, are pleased to note that this project will be managed from end-to-end by an internally developed Namibian engineer.

The Debmarine Namibia diamond exploration and sampling vessel is scheduled for delivery in July 2017.

“I am indeed pleased and proud that the three Namibian entities have united to make this project a reality for the long-term benefit of all our stakeholders and the nation at large.” says Otto Shikongo, CEO of Debmarine Namibia.

 

The construction of the Debmarine Namibia diamond exploration and sampling vessel will commence after the company secured co-funding from local commercial banks.

The state-of-the art diamond exploration and sampling vessel will be built in Norway by Kleven Verft AS, a Norwegian shipbuilding group. Named after the Founding President, the mv SS Nujoma will be custom-built for Debmarine Namibia exploration purposes and will be the first-of-its-kind. It will include a wide range of tailor made equipment and features. The highly specialised and technologically advanced diamond exploration and sampling vessel will be used for deep water mineral exploration, to support Debmarine Namibia’s five diamond production vessels.

Debmarine Namibia will cover 25% of total project cost and the balance through the local banks namely, Standard Bank Namibia and RMB Namibia, a division of the First National Bank of Namibia. The total project cost is N$ 2.3 billion.

The 113 meter-long diamond exploration and sampling vessel with a total displacement of 12 000 tonnes, is expected to accommodate up to 80 crew members at any given time. The vessel will be diesel electric powered. Like all other Debmarine Namibia vessels, the new vessel will be expected to remain in exploration operation for three years before it returns to port for maintenance, as per ship classification requirements.

The new diamond exploration and sampling vessel will become the sixth member of the Debmarine Namibia fleet to be registered at the Port of Lϋderitz. The Company currently operates five diamond mining vessels, namely Debmar Atlantic, Debmar Pacific, !Gariep, Grand Banks and Mafuta.

The concept, pre-feasibility and feasibility studies were all done internally and we, at Debmarine Namibia, are pleased to note that this project will be managed from end-to-end by an internally developed Namibian engineer.

The Debmarine Namibia diamond exploration and sampling vessel is scheduled for delivery in July 2017.

“I am indeed pleased and proud that the three Namibian entities have united to make this project a reality for the long-term benefit of all our stakeholders and the nation at large.” says Otto Shikongo, CEO of Debmarine Namibia.