
THE PARLIAMENTARY REVIEW
Highlighting best practice
40 | SEAKING ELECTRICAL
began work on installing a completely
new bridge on the RFA
Fort Victoria,
which we completed in October
lastyear.
We also have a broad client base which
requires us to travel to other shipyards,
both in the UK and elsewhere in Europe,
covering other market segments of
the marine sector – in 2018 alone, we
completed projects on 26 superyachts.
To ensure we provide only the
highest quality of works across these
projects, we have adopted a culture
of continuous development and set in
place stringent internal management
systems. By improving project
management skills, we have been able
to focus on de-risking projects.
As a result of this dedication to internal
consistency, we transitioned our ISO
certifications to the 2015 standards for
14001 and 9001 last year.
Low oil prices and regulations
in the commercial shipping
sector
Over the last five or six years, low oil
prices have affected all shipping areas
– be it commercial or leisure. Charter
rates are lower than usual, and ships
are being taken off routes before
being stored or scrapped.
Across the board, belts are tightening
– owners and ship management
companies are feeling the pressure
because of environmental targets and
International Marine Organization
regulations. We want to be as
sustainable as we possibly can – it’s
a big part of what we do. That said,
however, new IMO regulations
mean that owners and companies
will have to install new systems to
reduceemissions.
Some companies are already abreast
of such developments, having bought
into sustainability initiatives suitably
early. We have installed such systems
on several commercial ships and have
technical agreements in place with
a manufacturer to take advantage
of this change in the market. While
we understand that such a dramatic
regulatory change does make things
difficult in some capacity, we believe
that embracing such a change as early
as possible will be beneficial for both
our operations and our clients.
A new strategy – diversifying
into the superyacht sector
In recent years, we have refined our
online presence to attract new clients
in line with our growth alongside
Cammell Laird. We have developed
a new website to better reflect our
services and composed a dedicated
digital marketing strategy involving the
use of targeted news stories.
Over the last six or seven years, we
have looked more towards working on
superyacht contracts and have slowly
developed a rewarding presence in
thesector.
While RFA and commercial shipping
remain the bulk of what we do, this
diversification is incredibly beneficial
for Seaking. As such, our contracts in
this market segment take us all across
the globe.
RFA
Fort Victoria
We have
adopted a
culture of
continuous
development
and set in
place stringent
internal
management
systems
“
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