Lloyd Werft: Repair budgets remain squeezed

Lloyd Werft: Repair budgets remain squeezed

Bremerhaven: Shipowner budgets for repair and maintenance remain constrained, the ongoing malaise in freight rates meaning margins for yards remain tricky.
Rüdiger Pallentin, member of the executive board at the famous Bremerhaven yard, Lloyd Werft, tells Maritime CEO that owners only do work on ships that they need to have, and not work that is “nice to have”.
“Due to the tough markets the shipowners are facing today naturally the budgets for yard stays are smaller, which results in a lower turn over per ship for the yard,” Pallentin says.
Despite the tough times, Pallentin says last year was a “relatively good” one for Lloyd Werft with a good occupancy of docks and piers.
The aim for 2014 is to improve these positive results further. The company is looking to make an especially strong push into the offshore arena as well as trying to get more of the engine maintenance and overhaul work back to the yard.
Recently the company has added a new heavy load area next to its repair and outfitting pier which can accommodate mobile shore cranes with lifting capacity of more than 1,000 tons. The move is aimed at getting more work from windmill installation vessels.  [11/02/14]

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