ASRY Dry Dock Occupancy Near 90 Percent During First Quarter

Arab Shipbuilding & Repair Yard Co. (ASRY), Bahrain, recently reported first quarter 1990 results were "very satisfactory" with drydock occupancy close to 90 percent, ship repair sales above budget and operation profits above those of the corresponding quarter last year.

The fifth of five VLCCs recently sent to ASRY by Texaco Marine Service, Port Arthur, Texas, was the Texaco Caribbean.

ASRY added that major repairs t h i s year included work on K.O.T.C's 339,108-dwt ULCC Bubiyan and the 124,100-dwt OBO Jag Laxmi, owned by Great Eastern Shipping Company of Bombay.

ASRY expects additional life extension work as vessels reach their third Special Survey. ASRY has made a special study of owners' requirements for such work with a view to the systematic programming of repairs aimed at reducing costs by minimizing time spent on repairs.

For brochures containing full information on ASRY, Circle 144 on Reader Service Card

Maritime Reporter Magazine, page 34, Aug 1990

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