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ASRY Improves Performance In 1993

Arab Shipbuilding & Repair Yard Co. (ASRY) was able to increase ship repair revenue by five percent in 1993. Aided by the greater flexibility of two additional floating docks, the yard also raised vessel numbers by 25 percent overall, to 113. Owners of smaller vessels also took advantage of the large increase in dock space available to vessels up to 120,000-dwt and the number of small vessels docked rose by 30 percent to 75.

A l t h o u g h e x p e n d i t u re per vessel fell, ASRY increased the volume of steel renewal by 50 percent and good increases were also seen in engine work, pump and valve work, overhaul of turbo-chargers, boiler repairs, electrical work and cable renewal.

Hans Frisk, ASRYs general manager and CEO, said he was pleased with the first full year's operation of ASRY's two additional floating docks and the flexibility which they have added to dock operations and encouragement to owners of product carriers, bulk carriers, gas carriers, general cargo vessels and other smaller craft to take advantage of the extended repair facilities now available at Bahrain.

ASRY believes that the downturn in overall repair demand, which has caused such problems for many ship repair yards west of Suez and in the Far East, is now coming to an end and that owners would be well advised to bring forward repairs now in order to take advantage of the highly competitive repair prices on offer since these cannot be maintained indefinitely.

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