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Live from Sea Asia

ASRY forges ahead with expansion plan

ASRY forges ahead with expansion plan
Singapore: Arab Shipbuilding & Repair Yard Co (ASRY) (Stand A12) is using Sea Asia to reveal the key to its growth in a challenging market.

Following the recent completion of a major expansion programme, the Bahrain-based yard now boasts a 1.4km quay wall, slipways, an extensive list of world-class sub-contractors on-site, and approximately 4km of alongside berth space at its dry dock facility.

Investing $188m to expand its range of facilities has enhanced the yard’s flexibility and capabilities exponentially, said Nils Kristian Berge, ASRY commercial general manager.

“ASRY’s customer base has already responded positively to how increasingly accommodating the yard can be to their time frames and schedules. By maximising the variety of our facilities and allowing virtually any type of vessel to be accommodated, we have created a synergy which is benefiting all the separate facilities, and creating a sum that’s greater than its parts.”

Despite continued downward market pressure, all ASRY’s docks and berths have been 100% occupied throughout the first quarter of 2013. ASRY also has a strong orderbook over the next several months. Revenues are up year-on-year again. Given this bullish performance coupled with its aggressive growth targets, a new expansion plan for the next five-year period has already been approved.