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Revenue And Profitability Gains Reported By ASRY

ASRY has reported gains in revenue and profitability in 1995; dock occupancy was high and the volume of steel renewals increased. New ship repair revenue in 1995 rose 10.8 percent compared with the year before — reportedly the highest revenue achieved in any year since the yard opened for business in 1977. The number of vessels repaired in dock and alongside also rose from 104 to 113, while operating profits increased from $7.3 million to $8.5 million. Net profit also rose to $1.5 million, compared with $80,000 in 1994. Prominent in stemming vessels were owners from Greece, Brazil, Norway and the U.K., in addition to a strong demand from owners based in the Arabian Gulf, Singapore, Germany, Hong Kong, Italy, Sweden, Denmark, Turkey, India and Japan. In terms of vessel size and type, the number of VLCCs docked has risen, and ASRY's market remains weighted towards crude oil tankers, product, chemical and LPG carriers, but with good demand from bulk carriers and container vessels which reportedly can now be accommodated in the two floating docks added in 1992.

ASRY is reportedly budgeting for further revenue increases in 1996. Among large vessels worked on or booked are Jahre Pollux (370,000- dwt), Tarim (280,964-dwt), Bartolomeu Dias (151,000-dwt), Jacui (131,662-dwt), Astro Alpha (268,288-dwt), Corona Star (222,760-dwt), Bridgeton (413,842-dwt), and Galp Funchal (304,815-dwt).

For m o r e i n f o r m a t i o n o n A S RY C i r c l e 4 2 o n R e a d e r S e r v i c e C a rd




Ship Repair History

A Stitch In Time... Metal Stitching Technology Helps To Cut Costs, Keeps Vessels Sailing
ABB Turbocharger Repairs VTR..4 Turbine Blades
Agreement Finalized For Purchase And Cleanup Of Seattle Waterfront Property
Alaskan Oil Issue Lingers
Bender Shipbuilding And ENSCO Drilling Christen Drilling Barge
Boxship Business Booming
Companies In Southern Region Of U.S. Adjust Product, Market Focus To Remain Competitive
Consolidation Of Resources
Del Gavio Marine Hydraulics, Inc.
DUBAI: Tops For Tankers
Goltens Expands Capacity W i t h N e w Grinder
Impact of Propulsion Plant Choice On Maintenance
Kepphil Shipyard Delivers First Of Two Tankers
Lisnave Reports Upbeat Quarter; Discusses Future Plans
Mackay's World Me Department: Local sendee on a global scale
Norshipco Completes Work On Double-Hull Tanker Stena Concertina Acquire Air & Water Technologies Unit
Norshipco Repairs Navy Swath Ahead Of Schedule
Orkot Helps Repair Iceberg Damage To Tanker, Overseas Okie
Promotions For Newport News' Top Executives
Quality, Diversity Drive Atlantic Marine Holding Co.'s Success
SHIP REPAIR & CONVERSION: Review of 1994
Ship Structure Committee Publishes Reports On Fatigue Curves And Underwater Repair Procedures
TBT ban threatens yard business
Tracor Signs Agreement To Sell Division To SIMCO
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Trinity Acquires Gulf Coast Fabrication As 16th Yard In Group
Trinity Signs Contract for Four Tank Barges; Refurbishes Passenger Boat
Unitor Introduces Shipboard Polymer Repair System
Vietnam Government Approves Keppel/BaSon Joint Venture Shipyard
Wheeler Becomes U.S. Agent For Romanian Yard
 
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