MEST_PROFILE_2011

The Maritime Oasis in the North Atlantic

MEST

THE GROUP

MEST GROUP comprisestwo shipyards and a factory producing equipment in stain-less steel for the fishing industry.

Other parts of MEST’s activities include a comprehensivespares department, a number of general agencies as wellas rental of tugboats and cranes.

In preparation for future petroleum exploration on the FaroeShelf, MEST has established a subsidiary, PAM OffshoreService. The company employes personnel with extensiveoffshore related experience as electricians, certified welders,as well as engineers .

This diversity gives MEST a headstart when meeting thedemands of its customers.

Beside the principal shipyard business of new-building, conversion and repair, MEST is engaged in a number of landbased activities.

Our diverse workforce of 250 employees are specialized in mechanics, steel, electricity, timber and paint.

Founded in 1936 the shipyard has grownover the years to become a major playerin the Faroese business community - todayunder the name MEST.

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The highly skilled workforce of the technical departmentis responsible for the planning and execution of the dailywork. The department employs a wide range of specialequipment, such as tools for overhauling engines, laserrepair tools and equipment for measuring the bollard pullof ships.

Other tasks cover stability and tonnage calculations andnoise measurements.

The technical department also provides consulting servicesin connection with conversions and purchase of vesslesabroad. The department holds an extensive database of allvessels which have been serviced at MEST, providingeasy access to information regarding any previous work andequipment installed on each individual vessel.

Engine overhauling toolsLaser repair tools equipmentMeasuring tools for bollard pullNoice mesauring toolsTools for vibration analyses_________________________

Sandblasting equipmentWaterblasting equipment(up to 2500 bar)Metallizing equipment

YOUR PARTNER IN THE NORTH ATLANTIC

FISH FOOD PROCESSING EQUIPMENT

At MEST Runavík we are specialized in fabrication of processingequipment for the fishing industry, including fish farming.

Our customers include fish processing plants, factory trawlers,shrimp trawlers, salmon farms and others. Our production facilitiesare modern and support the demands of even the biggest task.

Our designers have developed several production lines andancillary tools now used on board several fishing vessels andland based fish processing plants.

We provide a total solution for fish food production needs- from drawing board to finished product.

COMPREHENSIVE SPARES DEPARTMENT

Agents for:

- and otherhigh quality

brands

MEST has the largest spares department in the countryand also sells a wide range of paint, timber, steel andmechanical equipment. The state-of-the-art warehousefacility in Tórshavn combined with a 24 hour on call servicehave recently improved this service considerable.

We also hold a large spares department designed to cover the immediate requirements.

Daily connection between the yards and workshop ensures a reliable and swift supply of any additional demand.

MEST has time and time again demonstrated its abilityto meet new challenges by continuously adapting tochange. Between them the yards have delivered 100vessels both to the local and the international markets.Vessels have been built for customers in Denmark, theShetland Islands, Greenland and even Thailand.

The Faroe Islands have in recent years seen a decreasein ship building. Repair, conversions, maintenance andlandbased activities currently dominate the majority ofthe work. Landbased activities include the constructionof ferry berths, fish farming equipment and tanks.

A reliable and professional business partner now and in the future.

RISING TO NEW CHALLENGES

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A RELIABLE PARTNER

CENTRAL LOCATIONThe MEST facilities

are situated on the mainislands, which is essential

in the effort of serving awide segment of the

customer base.

KEY FIGURES

1.MEST Tórshavn:

Two slipways 1000 and 2,500 tonnesTwo construction halls 56x30x11 m

and 30x13x8 mWorkshop 50x24 mTwo mobile cranes 55 and 100 tonnes

Five mobile manliftsBerth length 200 m

Two tug boats 6 and 12 tonnes bollard pull

Storage area 30x16 mDesign department

2.MEST Skála:

Spares departmentSlipway 1,600 tonnes

Drydock 118x20x6,5 mmCovered building

berth 60x13x13 mMobile crane 55 tonnes

Two mobile manliftsBerth length 400 mDesign department

3MEST Runavík:

Stainless-steel factoryDesign department

Laser cutting equipment

1.PAM Offshore Service Ltd:

EngineeringWelding

FittingElectrician services

Maintenance services in general

Our objective is to provide a broad yet specialized serviceto the maritime industry of the North Atlantic. We arecommitted to be a reliable and professional businesspartner now and in the future.

A highly skilled and motivated workforce will ensure thefulfillment of this objective. The wide range of goods andservices means that customers at home as well as abroadalways can rely on MEST as a competent partner.

MEST MEST RunavíkP.O. Box 192FO-620 RunavíkFaroe IslandsTel +298 30 11 90Fax +298 30 11 91

MEST SkálaFO-480 SkálaFaroe IslandsTel +298 30 11 60Fax +298 30 11 61

MEST TórshavnJ.C. Svabosgøta 31P.O. Box 65FO-110 TórshavnFaroe IslandsTel +298 30 11 00Fax +298 30 11 [email protected]

PAM Offshore ServiceJ.C. Svabosgøta 31P.O. Box 65FO-110 TórshavnFaroe IslandsTel +298 30 11 39Fax +298 30 11 [email protected]

Our objective is to provide a broad yet specialized service to the

maritime industry of the North Atlantic. We are committed to be a

reliable and professional business partner now and in the future.

S H I P YA R D