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Schat-Harding Expands into Asia

Maritime Activity Reports, Inc.

August 30, 2004

Schat-Harding has taken over the Chinese Beiyang Boatbuilding Co lifeboat manufacturing range and plant as part of a strategy to expand its market share in cargo ships built in Asian yards. The lifeboat factory, at Qingdao, currently produces a range of five models and 100 boats annually. Schat-Harding will supply 250 boats from China annually, in sizes from six to 38 persons.

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