The expansion of the international trade sector and the requirement to keep ships in good condition to ensure their safe and effective operation is positively impacting and driving revenue growth in the ship repairs and maintenance services market. Ship repair and maintenance services are a crucial component of the shipping industry since it is necessary to ensure the smooth and efficient operation of vessels to fulfill the rising demand for shipping services.
Skanda Maritime Engineering Co. (SMECO), a family-run business having its origins dating back to 1912, is spearheading the shipping industry with the reputation of being an innovative and diversified global supplier of quality equipment and spare parts to the marine and power generation sectors. The company is managed by naval architects, design & production engineers and marine engineers. Their offerings extend beyond the supply of spare parts. They have equipped their state-of-the-art repair workshop to handle efficient parts reconditioning, adhering to industry-leading standards.
Always a Step Ahead of its Competitors
Skanda Maritime Engineering Co. offers various services including workshop facilities to carry out an overhaul of marine 2-stroke and 4-stroke diesel engines and reconditioning of its various components, overhaul, and reconditioning of deck machinery including hydraulic pumps and motors installed in cargo handling equipment, mooring and anchor winches, hydraulic mechanisms, and
associated power packs, overhaul and repair of single and multistage centrifugal pumps, screw pumps, centrifugal and reciprocating compressors, oil purifiers, heat exchangers and non-destructive testing of various components of marine equipment.
With the progress of time, the company has been able to set up joint venture partnership manufactories in China and South Korea. These units specialize in the production of fuel injection components, crankcase covers, and cooling jackets for marine 2-stroke diesel engines ranging from bore size 260-980mm. For 4-stroke diesel engines, it produces cylinder liners and pistons having bore size up to 320mm.
The company firmly believes that investing in new technology and automation is a necessity for keeping up with the changing nature of manufacturing, so they've made it a goal to reinvest at least 25-30 percent of their gross sales back into the business in the form of equipment and technology. This gives them the capabilities to go after better opportunities in the marine spares market.
The company has been setting new benchmarks for efficiency & performance and earning a global presence with customers across Asia, Europe, the US, the Gulf & Africa
The company derives its business from various sources and clients around the world including prestigious engine builders and their licensees, ship-owning and management companies, power plant maintenance companies, and salvage and trading houses. Skanda Maritime Engineering Co.'s revenue comes from a mix of industries and geographies. The company has been setting new benchmarks for efficiency & performance and earning a global presence with customers across Asia, Europe, the US, the Gulf, and Africa.
The Future Roadmap
"Over the years, SSkanda Maritime Engineering Co. has constantly focused on exploring opportunities to diversify its product offerings or services within the marine, power, and defense sectors by continuously monitoring and analyzing these sectors for evolving trends, technologies, and customer demands. It is already exploring strategic mergers or acquisitions to establish partnerships or subsidiaries in key regions that can provide access to a wider customer base", shares Abhishek Dave, Owner.
The company intends to forge strong relationships with existing clients while actively seeking new partnerships understanding their evolving needs and tailoring its offerings accordingly. The core team is also developing comprehensive risk management strategies to mitigate potential disruptions in the supply chain, geopolitical tensions, and other industry-specific challenges.
