Giant shiprepair yard Lisnave maintains brisk pace of activity, By James Brewer
Europe’s largest shiprepair facility, Lisnave, has reported an increase in 2015 in the number of vessels it repaired.
During the year, the yard said in a statement, it carried out work on 107 vessels from 19 countries, representing 56 different clients.
In the previous 12 months, Lisnave repaired 92 vessels from 21 countries, shareholders had been informed at the company’s 2015 annual meeting.
Lisnave said that its 2015 performance showed “that despite the strong international competition, Lisnave continues to have a trusted position in the shiprepair market.”
The 1.5m sq m facility on the island of Mitrena in the River Sado, with its easy business access to the cities of Setubal and Lisbon, has the advantages of a handy geographical position vis-à-vis ships that trade in the Atlantic and Mediterranean, and generally benign weather.
Greece, Singapore and Germany in 2015 continued to be the sources of ships repaired. The precise figures were 33 vessels from Greece, 20 from Singapore, and 11 from Germany. Ships controlled from other countries included Italy and the UK each with nine vessels, and Japan with five.
There were many familiar names in the order book. Teekay Marine Group again relied strongly on the expertise of Lisnave and led the league table, docking 11 units, followed by Tsakos Columbia Shipmanagement with eight vessels, the Italian Grimaldi Group with seven, and Navigator Gas along with Enterprises Ship & Trading, five vessels each.
In conjunction with an increased level of repeat clients, Lisnave maintained its notable activity in its traditional segment of tankers, with a total of 62 vessels repaired; at the same time the yard increased the number of repairs to other types of vessels, namely 14 containerships, 13 dry bulk carriers, seven ro-ro cargoships, and six liquefied petroleum gas carriers.
Major repairs and upgrades were carried out on Saipem offshore barge S600; PDVSA tankers Manuela Saenz and Negra Matea; and Dredging International´s dredger Marieke.
Specific upgrading work included the installation of four power-saving Mewis Ducts, 540, 126 sq m of hull blasting and 3, 291, 818 sq m of coating, of which 149, 921 sq m was silicone application, 32, 255 sq m of tank and cargo hold blasting and 138, 621 sq m coating work.
In 2014, Lisnave had sales of 85.67m Euros, resulting in a net profit of 6.47m Euros, slightly down on the previous year. The 2015 financial results will be published in due course.