Nautilus Minerals NUSMF (NUSMF)

[Getitgogone]

The question is being asked on a different board about whether or not Sea trials will be completed before delivery of the vessel at the end of 2017?

Specifically the question reads "Here's a question for the board: do you think the "by end of 2017" timeline includes the sea trials? Or is that a subsequent activity to be completed in 2018?"

I will respond here as other boards aren't so "link" friendly

First of all I was on only one ship in 1977 that had sea trials after a yard period on a USN vessel,a guided missile cruiser and frankly it has been so long I couldn't tell you how long those sea trials lasted.

So having no experience I have set out to answer the question by samples of what other ships that have been built by the same company MARINE ASSETS CORPORATION MAC and/or Fujian Mawei MAWEI.

From my research my best guess says that sea trials will be completed when the vessel is delivered. If you think about it ,it kind of makes sense because who better to work out the bugs than those that built the ship in the first place.

First example >>>>>

"MAC/MAWEI multi-purpose vessel conducts sea trials"

A 60-metre first-in-class multi-purpose support vessel (MPSV), designed entirely in-house by a joint venture between Marine Assets Corporation and Chinese shipbuilder Fujian Mawei (MAC/MAWEI), has recently set sail for its first sea trials.

From this statement ,although not concrete,it sounds like they are conducting sea trials before delivery >>>>

The vessel will be capable of accommodating up to 50 offshore personnel, and will also carry a 15-pax fast response craft. Equipped for Fi-Fi 1 fire fighting operations, the vessel has already been sold to a Middle Eastern company.

http://www.bairdmaritime.com/index.php?option=com_content&view=article&id=15813:macmawei-multi-purpose-vessel-conducts-sea-trials-&catid=70&Itemid=62


As well this PR about the same ship several days prior to the one above makes it sound as though they are conducting sea trials and have not yet delivered >>>>>


"MAC's new vessel on sea trials"

MAC, in its press release, says that the vessel is already agreed to be sold to an unnamed company, with the second expected to follow her by Q4 2014. Two more sister vessels are under construction for delivery Q3 2015.



I also found it mentioned here and it is even more clear about sea trials and delivery >>>>

See "9th August 2014 - The first in class 60m MAC/MAWEI in-house designed MPSV sails for sea trials. - 10-08-2014"

It states clearly ><>>>>

The first in class is already agreed sold on delivery to a ME company, with the second expected to follow her by Q4 2014.

http://www.macoffshore.net/news.php
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On the same page as above link ^^^^^ SEE >>>>>
14th September 2014 - 4th Compact SemiSub (CSS) - 25-09-2014

IT states >>>>>

Marine Assets Corporation is very pleased to announce the successful launch by the undocking of our 4th Compact SemiSub (CSS) which will be named Themis, following on from the Olympia and Venus. She will proceed to the jetty for final outfitting and commencement of commissioning, prior to sailing for sea trials towards the end of December. In the meantime as can be seen in the picture, the CSS Venus, the 3rd CSS in the production schedule, can be seen leaving for sea trials. Overall MAC has a build program for 7 CSS, with Olympia already delivered and working in Brazil. Venus and Themis will deliver Dec 14 and Feb 15. While the balance 3 will complete by Sept 15 - Sept 16 and May 17. MAC is now finalising orders for more in series CSS vessels.

..........................................................

Although it is not carved in stone the above information based on MAC's normal scheduling for production,then sea trials, then delivery seems to be apparent.

So,based on that my best guess is sea trials will be completed by the time of delivery so production of the vessel should be completed by early or late summer of 2017.