Lisnave repaired 114 vessels in 2010

The well known economic and financial crisis had a strong negative effect during 2010 on the maintenance/repair market, following what happened in the second half of 2009, with a significant reduction of the activity, caused by the natural reaction of Shipowners to the freight rates reduction by cutting their operation costs either by postponing visits to shipyards within the Classification Societies allowances or by reducing the work content of the repair.

Thus, reflecting this reality, Lisnave ended the year 2010 with a total of 114 vessels repaired, two less than last year, continuing, however, to bet on all types of vessels such as Bulk Carriers, Dredgers, Port-Container General Cargo, Ro-Ro, etc., with the tankers contributing significantly to the total of the activity.

It is noteworthy that the 114 vessels repaired during this period were from 71 customers from 24 countries, especially Germany (20), Singapore (15 vessels), Greece (13), Italy (8), Japan (7), as well as six from Denmark, 5 from Norway and 5 from Cyprus. Despite the difficult market situation, the geographic location remains a benchmark of competitiveness in the global Lisnave maintenance / repair industry.

Another important indicator is the so-called “repeated business”, from companies and shipowners around the world who rely on Lisnave the maintenance responsibility of its vessels, thereby acknowledging the high quality of work done by the yard. Clients like “AET Shipmanagement” of Singapore, “AP Moller” from Denmark, and “Unicom Management”, Cyprus preferred Lisnave in 2010.

Major repairs were performed in 2010 on the Belgian Dredgers “Kaishuu” and “Juan Sebastian Delcano” belonging to the owner Jan de Nul NV and on the cruise vessel “Island Escape” from “Columbia Shipmanagement” which is still under repairs. Despite the uncertainty about the world economy and consequent doubts about shipping, Lisnave forecasts for 2011, a similar activity level to the 2010.