Good business volume at Lisnave in 2008

Following a period of good results, Portugal’s Lisnave has reported intense ship repair activity during 2008. A total of 138 vessels were contracted between January and December for maintenance and repair with a significant work content increase per vessel.

During this period, Mitrena Yard carried out repairs onboard all types of vessels, being tankers largely responsible for the most of the total repairs. It’s important to refer that of the 138 ships repaired, a total of 70 shipowners/managers from 32 countries were represented. Singapore and Greece owners/managers supplied 19 projects each country, 16 came from Germany, 12 from England and eight from Cyprus. This clearly illustrates Lisnave competitiveness in the global ship repair market.Lisnave strategy in having repeated business with faithful clients is returning interesting results, which illustrates the credibility and confidence, relied upon the Yard by a large group of shipowners/managers.

Such result can be illustrated by the repeated contracts awarded by important clients as Singapore’s “AET Shipmanagement” that relied on Lisnave’s Yard eleven tankers, Cyprus “Unicom Management” with seven vessels, UK’s “Mol Tankship” and “Novoship” contracted six vessels each; Germany’s “Chemikalen Seetransport” and OSG with five ships. Other important clients were Greece’s “Euronav Shipmanagement”, “Columbia Shipmanagement”, Norway’s “Kristian Gerhard Jebsen Skipsrederi”, “V Ships”, Hong Kong’s “Wallem Shipmanagement” and Venezuela’s PDV that relied on the Mitrena Yard with four ships each one for maintenance/repair works.

Some major maintenance/repair projects were carried out during 2008 and were responsible for the average increase in the volume work, such as the extended maintenance work in the Pipe laying barge Hercules, from “Global Industries”; the SCF Tomsk, managed by Novoship, and the New Vision, a French super tanker.