ASRY's 1984 Revenues Up Nearly 20 Percent
An occupancy rate of 84 percent during 1984 helped Arab Shipbuilding & Repair Yard (ASRY) of Bahrain to boost revenues up by nearly 20 percent over 1983. The yard celebrated its tenth anniversary last year.
Chairman of ASRY Sheikh Daij Bin Khalifa Al-Khalifa said he was particularly encouraged by the success of the non-marine side of ASRY's business in the limited time the company has had to develop it.
Its move toward diversification has resulted in a contract for the fabrication and erection of 14 storage tanks for the Ministry of Works, Power and Water, and steel fabrication of 854 tons for the Mina Abdulla refinery project in Kuwait.
During the year, the shipyard completed a major overhaul on Qatar General Petroleum Company's offshore mobile drilling rig Dana, worth almost $4 million; repair of a 62.5-ton propeller for the ULCC Safina A1 Arab (357,023 dwt) owned by Salen Tanker of Sweden; and repairs to Saipem of Milan's large pipe-laying barge Castoro Otto (190,984 tons).
A "remarkable" increase in main engine overhauls and in the amount of pipe work carried out helped mechanical work to continue at a high level.
Sheikh Al-Khalifa, in looking to the future, said he saw encouraging indications in the shipping industry, pointing out that the number of tankers in lay-up has fallen quite sharply and that charter rates should improve over the next few years. "We also anticipate high traffic in the Arabian Gulf of chemicals and iron ore and in due course the carriage of liquefied gas," he added.
The yard's links with Lisnave Shipyards of Portugal are to continue, although the Bahrain-based facility is gradually reducing the number of employees on secondment as its own technical expertise increases.
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Other stories from September 1985 issue
Content
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- Hawker Siddeley/Kongsberg Collaborate In Venture page: 5
- American Air Filter Offers N e w Brochure On Cartridge Filters page: 5
- Big Supply Vessel 'Nicor Sailor' Converted By Eastern Marine page: 6
- Owen And Richards Named Managers At Honeywell page: 6
- MSC Announces FSS Award Totaling $30.7 Million page: 6
- Autronica's New NK-5 Unit Monitors Ship's Engine page: 6
- Grow Group Acquires Napko Coatings Division page: 6
- Bollinger Shipyard Dedicates Island Class USCG Patrol Boat Fleet page: 7
- Sulzer ZA40 Diesels Will Power Two Ferries Ordered In U.K. And Japan page: 8
- Cummins-Powered Construction Pushboat Delivered By Keith A. Record page: 8
- Tenneco Oil And Sohio Will Use Canmar Rig For Arctic Drilling page: 8
- Canadian Offshore Resources Exposition page: 8
- Shipboard Liquid-Level Sensor O f f e r e d By Tecnomatic Controls page: 9
- Maritime Association Installs New Officers And Directors page: 9
- Royal Cruise Line To Build Two Luxury Liners At Cost Of More Than $200 Million page: 10
- Goldstein Named Chairman Of COMSAT—Joseph Promoted To President page: 10
- Krupp MaK Consolidates In North America page: 11
- Innovative Triple-Screw Tugboat Launched By Halter Marine page: 11
- Truman Joins INDEECO As A d v e r t i s i n g Manager page: 12
- Moss Point Marine Delivers New Sternwheeler, Colonel page: 12
- Aluminum Boats Delivers High-Speed Crew/Utility Vessel To A&P Boats page: 12
- Matson Asks Bids On $30 Million Conversion of 'Matsonia' page: 14
- Brown & Root Awarded Feasibility Study Contract For Chevron Offshore Unit page: 15
- Congressional Maritime Caucus Establishes An Advisory Board page: 15
- SHIPLIFTING AND DRYDOCKING SYSTEMS page: 16
- OUTSTANDING RIG DESIGNS page: 16
- Bethlehem's Newest Jackup Design Can Drill In Water 600 Feet Deep page: 19
- Congressman To Address OMSA Meeting On Warehouse Vessels page: 19
- Alsthom Unit Strengthens Position In Norwegian Offshore Market page: 20
- Sandy Hook Dispatch Boat Delivered By Gladding-Hearn page: 20
- Saab Receives Order To Supply TankRadars From Tampa Shipyard page: 21
- Bertrem Products Importing Straub Couplings For U.S. And Canadian Distribution page: 21
- Conversion Of Fast Sealift Ship 'Regulus' Completed By NASSCO page: 22
- ASRY's 1984 Revenues Up Nearly 20 Percent page: 22
- Wartsila Wins Contract To Build Rig Transport Vessel For USSR page: 22
- E X P O S H I P Riomar85 page: 24
- Midland Ross Offers Free, 20-Page Brochure On Max-Gard® System page: 25
- Wilson W a l t o n Receives Two Contracts For Emergency Service page: 26
- Sale Of Imperial Survival Suits Approaches 100,000 page: 26
- Laursen Selected As New Managing Director Of Hemple Holding page: 28
- Owen And Richards Named Managers At Honeywell's Marine Systems Division page: 28
- CANADIAN SHIPBUILDING AND REPAIR YARDS page: 28
- Hollming Opens Louisiana Office For Marketing Aquamaster Product Line page: 29
- Two N e w Instruments To Measure C u r r e n t / V o l t a ge Introduced By Amprobe page: 29
- U.S. NAVY SHIP PROCUREMENT page: 30
- Holman and Wildasin Elected At Raymond International page: 31
- MIROS To Market New Products In U.S. page: 32
- Furuno Introduces New Low-Cost, High-Performance Loran Navigator page: 32
- NMEA Plans Expansion Of Interface Standard page: 32
- Kockums Completes Advanced Car/Truck Carrier For Wallenius page: 33
- Cincinnati Gear Completes Testing Of New, Sophisticated Marine Drive For Navy T-AO 187 Class Oilers page: 34
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- Seattle Yard GM Elected To Todd's Board Of Directors page: 35
- Caterpillar Offers 20-Page Catalog On Marine Diesels page: 35
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- LiCausi Establishes New Boiler Consultant Firm page: 36
- West Coast Manly Shipyards Delivers Fisheries Patrol Vessel Leonard J. Cowley page: 36
- Free 12-Page Brochure On Marine Control System Offered By Forney page: 37
- Detroit Diesel Allison Announces Significant Engineering Advancements To Its Series 149 Engines page: 37
- Tyne Shiprepair Awarded Defence Ministry Contract To Convert Fleet Auxiliary page: 37
- Product Carrier 'Lucy' Christened At Hyundai's Ulsan Yard For Overseas Shipholding Group page: 38
- New Brochure Highlights Capabilities Of Marathon LeTourneau Offshore page: 38
- Aalborg Vaerft Awarded Danish Navy Contract For Seven Flex 300 Convertible Combatant Vessels page: 38
- McDermott Completes Twin Drilling Rig Ordered By Helmerich & Payne International page: 41
- Meyer Werft Shipyard Converts Containership Into Livestock Carrier page: 41
- Marine Drive Systems Announces N e w Shaft Systems page: 41
- N e w X-FLO Turbo Compressor Represents Major Advance In Impeller Technology page: 41
- Kockums Yard To Build Universal Ferry For Polish Shipping Company page: 41
- Transtema Kockumation Introduces New Computer System For Shipping Industry page: 41
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- Centurion Industrial Marine Offers The 'Crew Seat page: 47
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