Repair Yard Co News

The Kingdom of Bahrain’s Arab Shipbuilding & Repair Yard Co (ASRY) has turned in a profitable first quarter of 2012 despite the continued shipping recession and increased competition in the region. As of the beginning of May ASRY was running at close to capacity and had work in hand for the next 12 weeks. This, says CEO Chris Potter, is quite some achievement in a region which already has plenty of repair capacity, even before two major new repair facilities opened for business recently in Qatar and Oman.

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.

While small in stature at just 760 sq. km. with a population of 1.2 million, the Kingdom of Bahrain, an archipelago in the Persian Gulf just east of and connected by causeway to Saudi Arabia, seeks to grow its stature in the world marine market to become a global maritime and logistics center by 2030. The Arab Shipbuilding & Repair Yard Co. (ASRY), which is central to this success, last month celebrated several key milestones, including the anniversary of its 35th year in business and the opening of its new 1.38km Repair Quay Wall…

While Bahrain’s Arab Shipbuilding & Repair Yard Co (ASRY) is an established power in the ship repair business, it had traditionally not engaged in the business of ship and boat building. “The very simple answer, really, is that we have found there is more money to be made repairing ships than building them,” said Chris Potter, Chief Executive Officer, ASRY. ASRY is, however, capable, and is building a series of four new tugs for itself on its large slipways, with the lead vessel, as yet unnamed, due for delivery by the end of 2011.

Bahrain’s Arab Shipbuilding & Repair Yard Co (ASRY) has joined forces with UK-based power generation packaging specialist Centrax, to form a joint venture company ASRY-Centrax Ltd, to design and build Power Barges – essentially floating electricity generating power stations. ASRY has designed the barges itself, and will build them on its two large slipways. The initial design is the TPB125 Power Barge, a 125MWe unit based on a standard barge design and outfitted with a pair of Rolls-Royce Trent 60 gas turbines, selling for between $100 to $125 million based on final outfitting factors such as security systems, and the need for amenities such as night vision equipment and helidecks, for example.

As Bahrain’s Arab Shipbuilding & Repair Yard Co (ASRY) celebrates its 35th Anniversary, this week the company officially inaugurated and opened for business its new 1.38km Repair Quay Wall. The official inauguration of the new Repair Quay Wall is not just a significant event for ASRY but also for Bahrain’s fast growing maritime sector and economy, and is a strong signal of the yard’s intent to enter more vigorously the business in the offshore and rig outfitting niche. Since starting life in October1977 as the Middle East’s first shipyard designed specifically for the repair of Super Tankers…

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.

Autoship Systems Corporation (ASC) of Vancouver, Canada is pleased to announce a new installation of its naval architecture and ship production software to a shipyard client in the Middle East. HEISCO (Heavy Engineering Industries & Shipbuilding Co.) has chosen ‘The AutoSHIP WORKS Package’ which will allow them to take a new project through the complete design spiral - from hull lines right through to nested parts - in a shorter timeframe. The Marine division of HEISCO was established in 1974 (as Kuwait Shipbuilding and Repair Yard Co.) to meet the needs of the shipping and maritime industry in the Northern Arabian Gulf. Over the years the Marine division has diversified its initial core business activities to meet requests for new engineering projects.

Construction work on the $20m Arab Shipbuilding and Repair Yard Co. (Asry) slipway project started yesterday. The contract for the project, to be completed by February 2008, was awarded to Ahmed Mansoor Al A'ali Company. The project, comprising two slipways, each with a dry berth length of 255 m, is designed to handle vessels of up to 15,000 dead weight (dwt). A company spokesman said this would enable Asry to free about 30 per cent capacity in its existing larger docks, which would then be able to receive larger vessels. He said the company was also planning to build a 1,000 m quay wall along its basin for the future alongside repairs. Source: TradeArabia News Service