ASRY Gains to Reach $6 Million

Monday, November 21, 2005
According to a Gulf Daily News report, the net profit of the Arab Shipbuilding and Repair Yard Company (ASRY) is expected to reach $6.4 million this year while the net operating income is projected to reach $106 million, compared with $93 million last year. The projections were made after the company's board of directors reviewed the results for the year 2005. The board met under the chairmanship of Eid Abdulla Yousif and was attended by representatives of shareholding countries. Also present was ASRY chief executive Mohammed Al Khateeb. A total of 144 vessels were repaired or booked for repair, most of which were large crude carriers. The board was briefed on the progress of an expansion project under way, involving the construction of a 140 m slipway, capable of accommodating three ships at a time. The project is on target to be completed by July 2007, said the report. The board approved next year's budget and resolved to continue its support for the training and Arabization programs. Source: Gulf Daily News
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

UASC Targets Expansion to Beat Container Market Blues

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive,

Ecoships Claims 15% Ship Efficiency Gain

Ecoships introduced a customized version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimize the energy-efficiency of the vessels under its management.

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1482 sec (7 req/sec)