LISNAVE Stable Despite Workload Reduction

As expected, 2013 did not bring significant changes to the evolution of the world economy and consequently the rate of growth of world trade. With regard to the maritime freight market, the same situation of imbalance between supply and demand continued with a consequent reflection in value of freight rates, which resulted for the third consecutive year in general cost containment by the shipowners and consequently, a reduction in the volume of the maintenance works of existing fleets.

In this context, competing in a global and highly competitive market, LISNAVE repaired during the year a total of 107 vessels, of which 103 were docked and four repaired afloat.

Although this represented a six-percent increase in the number of vessels repaired compared to the previous year (101 ships in 2012), the workload per vessel was less.

Vessels repaired were from 60 different customers, from 23 countries around the world, among which are: Singapore with 29 vessels, Greece with 20, U.K. with eight, Norway and Denmark with seven and Germany with six.

Continuing to benefit from a high percentage value of repeat business, in 2013 AP MOLLER-MAERSK (Singapore and Denmark) had the biggest number of repairs, 14, followed by TEEKAY (U.K., Norway and Singapore) with seven ships and AET with six, which LISNAVE  said shows once again the shipowners’ positive assessment of the shipyard.

With drydock and equipment facilities, complemented with a high know-how accumulated throughout its long existence, LISNAVE repaired a wide variety of type of ships, with the tankers (61), container ship (19) and LNG/LPG (seven) in addition to offshore supply vessels , dredgers, etc.

In terms of demand and workload, among the most significant repairs performed in 2013, were the off-shore platform Lewek Leader of Singapore, with the manufacturing and assembly of a new spudcam, the container vessel ex-Maersk Brownseville, with the complete replacement of the bulbs bow, the Danish chemical vessel Harbour Krystal, with bow damage repairs involving the replacement of 160 Tons of steel, the barge Saipem S44 with numerous works of preparation and structural modification for a new offshore project and the seismic vessel Ramform Sovereign of the Norwegian company PGS, with relevant scientific systems maintenance work.

For 2014, with the unpredictability that continues to characterize the situation of the world economy, it is expected that LISNAVE, once again, will continue to be successful, in the highly competitive market of ship maintenance and repair activity.

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