Marine Engineering Consultants (MEC) provide complete engineering services. They 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.
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.
Export Finance Australia, the Australian Government’s export credit agency, was able to provide support to the business through their 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.