Marine Engineering Consultants
Marine Engineering Consultants (MEC) provide complete engineering and project management services.
Need
With long project delivery timelines and payment structures, MEC needed access to additional working capital to ensure it had the resources needed to deliver on the export contract.
Solution
We were able to provide support to the business through our online Small Business Export Loan. With fast access to funds, MEC were provided the help needed to successfully retain and expand their staff and facilities.
Marine Engineering Consultants manufacture commercial vessels, aluminium catamarans, and can provide complete refit, repowers and project management services.
Since starting business 25 years ago, MEC has diversified its services from providing refits on pleasure and superyachts, to a business that is focused on boatbuilding. In the last ten years MEC has constructed 19 luxury and commercial aluminium catamaran ferries and charter vessels for the local and international market.
Export Finance Australia’s support was critical in ensuring that we were able to continue to build our export business while delivering on our South Sea Cruises contract.
Murray Owen
Director, Marine Engineering Consultants
The business secured a contract with a cruise operator in Fiji for the supply of two 24-metre passenger catamarans worth a total contract value of about A$7.4 million.
With long project delivery timelines and payment structures, MEC needed access to additional working capital to ensure it had the resources needed to deliver on the export contract.
We were able to provide support to the business through our online Small Business Export Loan. With access to these funds, MEC was provided the help it needed to successfully retain and expand its number of staff and facilities.