ASRY Set to Ride Out Economic Storm
Bahrain-based Arab Shipbuilding and Repair Yard Co (ASRY) is set to ride out the global economic storm in 2009 following its record breaking year in 2008. Both chairman, H.E. Shaikh Daij bin Salman bin Daij Al-Khalifa and Chief Executive Chris Potter are upbeat about the yard’s performance this year following sales in 2008 breaking the $200m barrier for the first time. “In the past year or so we’ve put new policies in place and these have paid off. In 2008 the Bahrain shipyard had sales of $207.5m, the best year in its history, and repaired a total of 133 vessels and offshore craft; 119 in drydock and 14 alongside. ASRY’s customer base is traditionally split between vessels owned by Arab operators and the international shipping market.
ASRY Fixes 3 Large Tankers
There are currently three large tankers under repair at Bahrain’s Asry – the 284,889 dwt VLCC Al Samidoon and the 285,117 dwt VLCC Al Shuhadaa, both owned by Kuwait Oil Tanker Co (KOTC), the 305,783 dwt ULCC Orion Star, owned by Vela International, and the 238,898 dwt VLCC Progress, owned by Greece’s Dynacom. Other ship currently under repair include the 13,143 dwt tanker UVO XX, PNSC’s 99,358 dwt tanker Shalamar, Odfjell’s 37,221 dwt tanker Bow Clipper, the 44,954 dwt tanker QUDS B7, owned by Bakri, Belden Shipmanagement’s 16,960 dwt cement carrier Mariana III and the 1,235 dwt vessel SD Severn.
