Lisnave activity in the first quarter

Lisnave has reported a ship repair activity in line with expectations during the first three months of 2010.

Despite the ongoing global economic and financial situation, Lisnave repaired 22 ships originating from 18 clients of 14 countries.

Of the 22 ships repaired, four came from Greece, and 2 each from Germany, Cyprus, France, Japan and Singapore.

The continued focus on "repeat business" illustrates the credibility and confidence in the Yard by a large group of shipownwers/managers.

This period saw such work coming from important clients as Greece's Sun Enterprises Ltd., Cyprus Unicom Management, Japan's Sanko Line, Singapore's Eagle Shipmanagement, France's "V" Ships Tankers and Norway's Siem Offshore Inc.

Having an accumulated know-how, Lisnave continues to receive all types of vessel. However, the activity of the yard continues to focus on traditional market segments, with the tankers contributing significantly to the total activity with 15 repairs performed, plus Container and General Cargo Vessels, LPG, Yatch Carrier and a Pipe Carrier.

In line with the expected and progressively activity growing in 2010, though at a rate lower than before of 2009, Lisnave has a balanced firm booking list for the near future.