The world's first deep-sea mining vessel with a total cost of about $500 million

The "MACGoliath" is the star ship type to be delivered by Mawei Shipbuilding, which is known as another milestone in China's shipbuilding industry.

Now this ship is global

"Unique" deep-sea mining vessels may face the inability of shipowners to pay for their goods

"Stranded". As

The charterer of the MACGoliath, Nautilus Minerals, announced on December 11 that Mawei Shipbuilding had notified Nautilus Mining that the shipowner, MarineAssets Corporation (MAC), had not paid

"MACGoliath" $18 million third installment and interest. In accordance with the requirements of the construction contract, MAC must immediately make up the arrears and meet the corresponding obligations.

It is reported that the UAE offshore shipowner Marine Assets Corporation (MAC) did not pay on time for the deep-sea mining vessel built at Mawei Shipbuilding

The third instalment of the "MACGoliath". If MAC fails to pay the outstanding instalments within 21 days of receiving the notice from Mawei Shipbuilding, Mawei Shipbuilding may elect to withdraw from the contract and Mawei Shipbuilding has the right to sell it under the agreement

"MACGoliath". Under the terms of the construction contract, Nautilus could make up the arrears on behalf of MAC within 14 days of receipt of the notice from Mawei Shipbuilding, and/or replace MAC as a party to the contract.

Nautilus said it is currently negotiating with Mawei Shipbuilding, MAC and third parties for arrears and possible remedial measures, and will issue further updates as the situation develops.

The MACGoliath is the world's first deep-sea mining vessel, with a length of 227 meters, a width of 40 meters, a depth of 18.2 meters, and a draft of 13.2 meters.

The "MACGoliath" is similar to a floating production, storage and offloading (FPSO), equipped with a complete mineral extraction, deep-sea mineral lifting system, dewatering and loading and unloading system, underwater robots, large deck cranes, helicopter platforms, etc., with the ability to mine in a deep sea area of 2,500 meters.

It can accommodate about 200 people to live and work, and the mineral storage capacity can reach 39,000 tons.