Nautilus announces that the contract for the vessel integrated control system (including dynamic positioning and navigation systems) to be used on the Company's Production Support Vessel (PSV), has
been awarded to Kongsberg Maritime, located in Norway. This is yet another key contract to be awarded by the shipyard, Fujian Mawei Shipbuilding Limited.
Mike Johnston, Nautilus' CEO, commented, "we are delighted to have the global technology leader in this field, well known for its extensive portfolio of high performance products and solutions supplying
the dynamic positioning, navigation and control systems for our PSV. We look forward to reporting on the progress of the integration of this system into the vessel as we move closer to having our PSV
ready for mining in Q1, 2018."
About the Integrated Vessel Control System
The integrated vessel control system (IVCS) package comprises dynamic positioning, marine automation, information management and navigation systems. The IVCS will keep the vessel within specified position
and heading limits while operations are performed. The system will also provide oversight and control of critical vessel systems ensuring efficient operation of the vessel and minimising fuel consumption
and wear and tear on the propulsion equipment. Kongsberg Maritime has supplied more than 4000 dynamic positioning systems worldwide.