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Damen, Debmarine Namibia formalise partnership

Damen, Debmarine Namibia formalise partnership

Damen Shipyards Group and Debmarine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel.

At 177 metres (577 feet) long, the new vessel will be slightly larger than the current largest vessel in the Debmarine Namibia fleet, Mafuta. Constructed from a Marin Teknikk design, the MT 6027 will be the most technologically advanced marine diamond recovery vessel in the world. On-board features include a dynamic positioning system (DP2) based on a seven-thruster propulsion system powered by six generators of 3230 eKW each.

This is the first time Debmarine Namibia interacts with Damen as clients, the Mangalia shipyard in Romania has the largest capacity of all Damen’s yards, with a total of three graven drydocks up to 60 metres in width and 1.6 km total berthing space.

Damen sales director offshore, Ruud van der Stroom, is thrilled at the opportunity for Damen to apply its expertise at this greater scale. “So far, Damen’s newbuild focus has mainly been on standardisation and in-house or own design vessels, along with various types of support and service vessels built for the offshore market,” he said.

“However, the facilities in Mangalia allow us to respond positively to Debmarine Namibia’s newbuild enquiry: an engineered-to-order project with vessel dimensions beyond that built by Damen ever before.”

After an intensive and very constructive tender process, Damen was able to secure the contract with Debmarine Namibia and has since been working on design completion and on preparation of the Mangalia yard for the vessel’s construction. In terms of progress, van der Stroom added, “This week we reached a first milestone: steel cutting. We are looking forward to the construction of this vessel, a challenging project I’m convinced Damen, with its extensive expertise and knowledgeable personnel, will successfully deliver on time.”

Michael Curtis, head of the AMV3 vessel project for De Beers Marine South Africa, sees the new vessel order as a harbinger for potential future collaboration.

“We were already well aware of Damen’s reputation as a reliable, efficient shipbuilder,” said Curtis, “and we are pleased to contract Damen to build this vessel for us after successfully winning a global tender for the construction of the vessel. De Beers Marine South Africa will construct the mission equipment, comprising a subsea crawler and diamond recovery plant, in South Africa in parallel to the vessel construction. Once the vessel is delivered by Damen, it will be sailed to South Africa where the mission equipment will be integrated into the vessel by De Beers Marine South Africa. Given the parallel path and complexity of the project, it is critical to work with the best shipbuilders who have a reputation for performance and on-time delivery.”

The steel cutting ceremony marks the beginning of construction on the vessel, which will take around two years to build. Damen Shipyards Mangalia will deliver the vessel platform in Mangalia and the vessel will sail on its own keel to Cape Town, South Africa.

After the integration of the mission equipment in Cape Town, the vessel is expected to deliver first diamond production in Q2 2022.


Caption: On the steel cutting ceremony: Danie van Aswegen (Portfolio manager, Debmarine Namibia) is pressing the button to begin the steel cutting process.


 

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.