ASRY Breaks a Record

Tuesday, October 02, 2007
The first six months of the year have been busy for ASRY with very high occupancy rates across all the docks, the outcome of the second quarter ASRY had its best set of results, which broke previous records for sales and repairs. There has been a high demand during the first half of the year for all the yards services, not only from the shipping industries, but also from the oil and gas sector.

During the second quarter of the year there were 56 vessels booked along with 39 repairs completed. Sales revenues were up by 140% over the same period as last year. Contract values per vessel for repairs have also risen in line with these increases. The first six months of this year have seen a total of 103 contracts placed with ASRY. These have ranged from the traditional VLCCs and ULCCs to the more sophisticated and complex repairs to Offshore Drill rigs and work over barges along with bulk carriers, chemical carriers, LPG carriers, and offshore support vessels. Some owners have already confirmed bookings for their vessels into 2008, emphasizing that it is becoming essential for owners to plan for their dockings and get the yard the want. The large number of contracts won over the first six months occurred because 218 specifications were received, resulting in 43.4% success rate compared to the 32.4% rate last year. The dock occupancy rates have been high with the Graving Dock achieving 100%, likewise the two floating docks have seen increases in occupancy, with 98.3% for Floating Dock Number 2 and 98.9% for Floating Dock Number 3. The number of UL/VLCCs repaired during this period has remained consistent with last year. The International markets had a busy period with 40 vessels booked for repairs, whereas the Arab markets also saw their market share increase to 34 vessels. There was also a spate of multiple dockings from a number of owners.

During the first half of the year, over 2.2 million dwt of vessels were repaired by ASRY with 45.95% coming from the Arab Market and 54.05% from the International Markets.

ASRY’s New Twin Slipway

The construction of ASRY’s new twin Slipway is in progress. The two Slipways, each have a total length of 1,673 ft. (510 m.), a dry berth length of 837 ft. (255m.), equipped with 360 tons of pulling capacity. With a total budget of $20 million, work commenced in February, 2007 with the main construction contract of $13.5 million being awarded to Ahmed Mansour Al-A’ ali Co BSC. The dredging operation for the Slipways’ deep end was completed earlier in the year. Since then, a huge cofferdam, isolating the site from the sea, has now been constructed, allowing earth excavation work to proceed to its upper end where the cradles will be hauled out. ASRY is currently building the specialist steel cradles using more than 2,000 tons of steel, and after completion should be capable of berthing a total weight of 9,000 tons each.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

OOCL Tops the Chart in Reliability

According to the latest Carrier Performance Insight, produced by Drewry Supply Chain Advisors,  the most reliable carrier in May was Orient Overseas Container Line (OOCL),

Ship Repair & Conversion

Gibdock Overhauls Solstad Cutter Propulsion System

Gibraltar’s Gibdock shipyard has completed an extensive package of work on Solstad Shipping’s Normand Cutter. The 127m long, 10,979grt construction support vessel

Solstad CSV Gets Propulsion Overhaul at Gibdock

Gibraltar’s Gibdock shipyard has completed its scope of work on Solstad Shipping’s Normand Cutter, a 127-meter-long, 10,979grt construction support vessel (CSV)

Tanker Allision on the Piscataqua River

The U.S. Coast Guard says it is continuing to monitor the condition of the chemical tanker Chem Venus, after it allided with three unoccupied, moored sailboats

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0900 sec (11 req/sec)