Thursday, August 6, 2020

Europe's Largest Ship Builder May Be Getting Into The Seabed Mining Vessel Business

From Offshore Energy:

Fincantieri and Saipem partner on deep-seabed mining
Fincantieri and Saipem have signed a memorandum of understanding to promote the development of deep-seabed mining (DSM).
Specifically, this deal sets the ground in the field of designing, engineering, building and managing DSM systems.

Deep-sea floors are rich in minerals, mostly sulphides, cobalt crusts and polymetallic nodules, essential to modern digital economy.

There are no appropriate industrial extraction applications, however, that can enable mining companies to extend their activities in open water....

Fincantieri is the fourth largest shipyard in the world and should remain there as long as Carnival Corporation & plc can stay liquid. 

Similar situation here:
Home of the Giants: France's Chantiers de l’Atlantique Shipyard Is Building the World's Largest Cruise Ship