Despite cash crunch, Nautilus production support vessel construction continues apace

Despite significant delays to Nautilus Minerals’ production schedule, and a cash crunch having sent it into hibernation, construction of the Canadian marine-mining hopeful's production support vehicle (PSV) is progressing in China. Toronto-headquartered Nautilus on Thursday reported construction of the PSV by Fujian Mawei Shipyard (FMSL) and Marine Assets Corporate (MAC) continued, with about 60% of the vessel’s steel blocks having completed erection in the dry dock.