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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

ABB Turbocharger Repairs VTR..4 Turbine Blades
ABB Turbocharger: Renewed Focus On Quality, Customer Service
Alaskan Oil Issue Lingers
ASRY Improves Performance In 1993
AWSC 1993 Annual Report
Business Is Brisk
Caridoc A Variety of Drydocking/Repair Services In the Caribbean
FPSO And Cruise Ship Work Dominate Repair Market
FRATELLI ORLANDO . . . . . . Resurgence of shipbuilding in Livorno
Goltens Expands Capacity W i t h N e w Grinder
HHI Starts ' 97 Strong Korean yard wins bulker contract from Norway's Bergesen to start year
Klattenberg Marine Agency Helps Link Shipowners With Spare Parts, Yards
Lisnave Reports Upbeat Quarter; Discusses Future Plans
Making It A Clean Sweep
New Towboat Built on Old Hull
Orkot Helps Repair Iceberg Damage To Tanker, Overseas Okie
Portland's Ship Repair Business Strengthened With Cascade General Sale
Promotions For Newport News' Top Executives
PSY Director Warns Against Lifting Alaska Oil Ban
QE2 Refit Completed In Southampton
Revenue And Profitability Gains Reported By ASRY
Ship Repair & Conversion '93
Ship Structure Committee Publishes Reports On Fatigue Curves And Underwater Repair Procedures
Southwest Marine Inc. Expands Into New Market President And CEO
SPD Technologies Rolls With The Changes, Targets Civilian Specialty Market
Tracor Signs Agreement To Sell Division To SIMCO
Transfer Of Ownership Of Florida Yard Results In Expanded Services
Trinity Acquires Gulf Coast Fabrication As 16th Yard In Group
U.S. Northwest: Ship repair Activity Picks Up
Unitor Introduces Shipboard Polymer Repair System
 
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