diamond recovery vessel for Namibia
diamond recovery vessel for Namibia

Offshore diamond miner Debmarine Namibia Thursday announced that it will commence with the construction of the world’s first ever custom built diamond recovery vessel.

The new vessel is expected to cost 468 million U.S. dollars and represents the largest ever single investment in the marine diamond industry, Debmarine Namibia Chief Executive Officer Otto Shikongo told media in Windhoek on Thursday.

According to Shikongo, on completion, the vessel is expected to add 500,000 carats annually to Debmarine Namibia’s Production, an increase of approximately 35 percent on current production.

“Following an extensive global process, Damen Shipyards were selected to build the ship based on their strong track record. The new vessel will incorporate the latest marine technologies that will drive improved performance while optimizing efficiency and utilization rates,” he said.

The ship will become the seventh vessel in the Debmarine Namibia fleet and is scheduled to commence operations in 2022, he added.

Meanwhile, the vessel is expected to create more than 160 new jobs alongside Namibia’s current workforce of 975 employees. Enditem

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