Andrew Shaw, who spent five years as ASRY Offshore Services division gm between 2009 and 2014, will return to take the helm of the Hidd-headquartered shipyard in January.
“With the current challenges facing the Middle East ship repair market, we were looking for a candidate that would bring not only relevant industry experience, but also a proven track record of good leadership, as well as a dynamic hands-on approach to facing the challenges in our future,” ASRY cairman, Shaikh Daij Bin Salman Al Khalifa, said when confirming Shaw’s appointment Wednesday.
“Andy is all these things, and is also intimately familiar with the inner workings of ASRY having worked here for almost five years previously, positioning him perfectly to take the yard forward.”
Shaw boasts more than 25 years of global experience in the maritime industry. He was most recently group md for two and half years of a leading UK ship repair and conversion company. He has also enjoyed a previous stint at Vickers Shipbuilding & Engineering Ltd (VSEL) and Vosper Thornycroft.
Shaw replaces Norwegian Berge who resigned in August after just shy of three years at the helm for what were described at the time as family reasons.
Magdy Mustafa, who has served the company for 38 years in various roles, has stepped in as acting ceo since September 1 and is expected to return to his role as ASRY’s procurement and contracts gm.
Shaw will take over at a challenging time with ASRY’s Board of Directors having already started to confront the rough market conditions at their 145th meeting on 13 October. International economic pressures, regional competition in the shipyard market, as well as the fluctuations in oil price have squeezed ASRY’s profits in 2016 with total sales to the end of September 2016 confirmed at $114.5m. No comparative data was disclosed.
ASRY outlined measures to combat the challenging conditions including the appointment of a business advisory firm to assist in the “assessment and creation of the best possible forward strategy for the company’s future success”.
The company’s facilities include a 500,000 dwt drydock, two floating docks of 252mtr and 227mtr in length, 15 repair berths with a total length of approximately 4,000m, twin 255mtr slipways, as well as a full range of workshops and service centres.
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