Construction of new Debmarine Namibia vessel well underway

 Construction of new Debmarine Namibia vessel is progressing well and will be the most advanced diamond mining recovery vessel once construction is completed.

In a media, statement availed to Nampa on Tuesday, Chief Executive Officer of Debmarien Namibia, Otto Shikongo said that the company is committed to pioneering a new diamond world by continuously embarking on innovative ways of recovering natural diamonds.

Construction of the new vessel is taking place at the Damen Shipyard in Mangalia, Romania and is expected to be commissioned in 2022.

“This project has a far-reaching global impact as parts are sourced from around the world and some are being fabricated locally in Walvis Bay. The new vessel is expected to create 161 direct jobs as part of employment creation opportunities, particularly for the youth. With the shortage of maritime skills in Namibia, we often face challenges in acquiring potential Namibian employees in the field of marine diamond recovery,” he said.

He added that it is against this background that the investment of this nature is indeed key in skills development, which is an integral part of Debmarine Namibia.

At 177 meters about 577 feet long, the new vessel will be slightly larger than the current largest vessel in the Debmarine Namibia fleet, Mafuta and the vessel is positioned to deliver on Debmarine Namibia’s new ambition to be the beacon of mining excellence to make life brilliant for the Namibian people, said Shikongo.

On completion, the vessel is expected to increase 500,000 carats annually to Debmarine Namibia’s production, an increase of approximately 35 per cent on current production.

‘The project was one of the largest commercial transactional deals in Namibia last year. Five commercial banks partnered in the N.dollars 7 billion financing deal for 80 per cent of the vessel construction costs and 20 per cent by Debmarine Namibia. Constructed from a Marin Teknikk design, the new vessel will be the most technologically advanced marine diamond recovery vessel in the world,’ Shikongo clarified.

Shikongo added the project started 10 months ago with steel fabrication and cutting.

Source: Namibia Press Agency