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Friday, December 27, 2024

‘Hidden Gem’ Arrives in Rotterdam to be Transformed into Nodule Collection Vessel for The Metals Company - Yahoo Finance

Last updated Tuesday, September 21, 2021 12:37 ET , Source: NewsService

  • 228-meter-long ship is expected to be the first to be Classified as a sub-sea mining vessel under American Bureau of Shipping

  • Equipment integration underway to accommodate pilot nodule collector vehicle and riser system engineered and currently being built by Allseas

  • Factory acceptance testing has commenced for system components that will be integrated into the vessel.

NEW YORK, September 21, 2021--(BUSINESS WIRE)--The Metals Company (Nasdaq: TMC) today announced that the 228-meter-long former drill ship renamed the Hidden Gem has arrived in Rotterdam, The Netherlands to begin its conversion into what is expected to be the first ship classified as a sub-sea mining vessel by the American Bureau of Shipping. TMC’s strategic partner Allseas acquired the former ultra-deep-water drill ship, which can accommodate 200 people, in March of 2020, as her configuration is well-suited for modifications that will enable the deployment at sea of a 4.5 kilometer-long riser to bring polymetallic nodules up from the seafloor.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005945/en/

Hidden Gem vessel (Photo: Business Wire)

In partnership with The Metals Company (formerly DeepGreen Metals Inc.), Allseas is developing a deep-sea mineral collection system to responsibly recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore. The nodules contain high grades of nickel,...



Read Full Story: https://finance.yahoo.com/news/hidden-gem-arrives-rotterdam-transformed-163700473.html

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