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Lisnave during the first nine months of 2007

Repair activity at Portugal’s Lisnave during the first nine months of this year (2007) was better than planned. Despite the increase in the price of crude and freight rates, the number of vessels repaired increased 8%, in comparison with the same period in 2006. A total of 102 vessels from 69 customers located in 20 countries utilized the Lisnave facilities at Setubal. The most significant numbers were from owners/operators in Greece, Norway, Germany, Singapore and Italy.

An aggressive commercial policy to secure new orders, associated with an increasing number of repeat customers maintained Lisnave’s position as one of the main shiprepair centers throughout the world.   

A wide variety of repairs have been carried out the full range of ship-types including the two cruise vessels - the 43,188 grt The World, managed by Barber Shipmanagement, and the 4,105 grt Silver Wind from V. Ships Leisure S.A.M.

Tankers were again the most significant market, Singapore’s Eagle Shipmanagement undertaking a number of repair projects involving the 107,166 dwt Eagle Columbus, the 107,160 dwt Eagle Anaheim, the 95,675 dwt Eagle Subaru and the 95,644 dwt Eagle Centaurus.

Other tankers repaired during this period included the 159,173 dwt SCF Caucasus and 159,196 dwt SCF Khibiny, both managed by Unicom Management Services, Cyprus, the 45,303 dwt Global Spirit and the 151,850 dwt Glen Maye, both from London’s MOL Tanker Management (Europe), the 298,920 dwt VLCC Sanko Unity and 84,999 dwt Sanko Ability from Holland’s Sanko Kisen BV, and the 35,953 dwt chemical tanker Montreux and the 35,966 product tanker Magpie, both managed by Germany’s Ahrenkiel Shipmanagement GMBH.

From the containership market Lisnave has repaired two ships from Horizon Lines L.L.C. – the Horizon Discovery and Horizon Challenger, and the Christiane Schulte, owned by Holland’s Vorsetzen Bereederungs.

From the bulk carrier market the yard repaired the 75,264 dwt Maria Bottiglieri, owned by Italy’s Bottiglieri di Navigazione SPA, and the KCL Banner owned by Klaveness Maritime.

After the investment in a new workshop for LNG equipment, the number of LNG carriers repaired at Lisnave continuous to increase progressively. So far, up to September this year, Lisnave has repaired a total of 12 such vessels. LNG carriers repaired during this past summer period (2007) were the 131,235 m³ Methania from Belgium’s Exmar Shipmanagement, and the 138,826 m³ Cadiz Knutsen from Norway’s Knutsen OAS. Earlier in the year a total of four lng carriers were repaired – three from Norway’s Bergesen World-Wide Gas AS – the 145,700 m³ LNG Benue, the 145,000 m³ LNG Enugu, and the 140,500 m³ LNG Oyo, the 71,500 m³ SCF Arctic, from Cyprus’ Unicom Shipmanagement. Also repaired during the second half of 2007 was the 138,200 m³ Excalibur, another LNG carrier from the Exmar fleet.

Lisnave is also reporting a healthy forward order book has ensured that 2007 will have better results than 2006.

Chemical tankers and product tankers appear to be the flavour of recent weeks in Lisnave – recently in for repairs were Torm’s 46,362 dwt chemical tanker Torm Gertrud, OSG.