Short but very interesting interview of our CEO Adam lips on Seatech strategy, and why we invest in LNG.

Seatech Engineering was established in 2003 to serve the local and international shipbuilding industry. Their expertise extends across a variety of vessels, including LNG propelled ships, offshore survey ships,  passenger vessels, multi-purpose heavy load barges etc.

Seatech Engineering was initially part of PIRIOU Group, however, the ownership was transferred 100% into Polish hands in 2018 through a management buyout. What prompted this move?

It is a story that dates back to 2009 and relates to the Lehman Brothers crisis which had an impact on our business as well. We were forced then to act more independently and outside the French-based group. We built up our own network of clients and 8 years later, together with PIRIOU we made it is a good moment to split.  It was a friendly parting and we cooperate with the Group still, in fact, they account for about 25% of our actual business.

How relevant is LNG to Seatech’s business presently?

Just now it represents approximately 10% of our workload, however, we are confident it will grow to 30-40% in the near future. This is where most of our efforts go nowadays, we trust it will be the future for our company.

Link to the full interview: INTERVIEW