Nautilus rises as vessel construction passes 75% completion mark

The TSX-listed equity of marine mining pioneer Nautilus Minerals has gained nearly 44% since the start of the year, adding about 7% on Tuesday alone on news that construction of its production support vessel has passed the 75% completion mark. Under construction at the Fujian Mawei Shipyard, in China, the production support vessel has already seen the in-hold material handling system installed, allowing the vessel deck to be closed, while installation of the derrick substructures and advancement of the derrick structure continues.