Fujian Mawei Shipbuilding has notified Nautilus Minerals that PSV buyer MAC Goliath Pte. Ltd. failed to pay the third instalment of about $18-million (U.S.) plus interest.
Nautilus Minerals extended the deadline to secure $10-million (U.S.) in financing for its seafloor production system from Nov. 30, 2017, to Dec. 20, 2017.