Schat-Harding Secures $10.6MM in New Equipment Orders

Despite a rapidly contracting global shipbuilding orderbook, the world's leading lifeboat and davit manufacturer, Schat-Harding, has secured a healthy US $10.6 million of orders for new equipment in the last three months.

The orders cover all types of shipping and offshore units, including orders for new ferries, FPSOs, containerships and warships The contracts also have a good geographical spread as clients in Korea, Singapore, Mexico, Norway, Germany and China have shown their confidence in Schat-Harding.

Per Einar Gjerding, Director Sales and Marketing, Schat-Harding, said, "We see three reasons why we have been selected on many projects recently. First of all, only the healthiest projects by the strongest owners are being realised these days. They want quality. Secondly, it is important for the shipyards, as our clients, to deliver quality to their clients on the few projects they are awarded these days. They do not gamble. And thirdly, we have worked hard internally with very dedicated and hard working teams to ensure clients get what they need. Our offshore team has been especially effective."

In Korea, the single largest market for Schat-Harding, both Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding have placed orders. Two ferries building for Greek owner Blue Star Ferries at Daewoo will have Schat-Harding MPC32 lifeboats and Stinger fast rescue boats. At STX on the FSU building for IOOC will have KISS systems boats and davits and also the Stinger fast rescue boat.

In Singapore, Modec has awarded the supply of lifesaving equipment to Schat-Harding for its PSVM FPSO conversion project for BP. It will be fitted with four KISS systems and the Stinger fast rescue craft. Otto Marine Ltd has chosen Schat-Harding KISS systems for a multipurpose vessel building for Norshore.

Mexico's Pemex has recently ordered four more conventional lifeboat systems for its Litoral Tabasco project. These will be built at Schat-Harding's dedicated Americas facility in Louisiana, USA.

Gjerding said, "This strong performance in a contracting and difficult market vindicates our focus on quality, and also on post-sales support. Owners need to know that the support and spares they need to keep their lifesaving equipment in good working order will be there for the future. It is also good to note that the strong orderbook contains a spread of new products, such as our very successful Stinger fast rescue boat, and also our tried and tested products such as the MPC32 cruise ship lifeboat and the simple but effective KISS lifeboats and VIP davits."