Arab Shipbuilding and Repair Yard

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Arab Shipbuilding and Repair Yard
legal form
founding 1977
Seat al-Hidd , Bahrain
management Mohammed Matar (since 2019)
Number of employees approx. 5500 (2018)
sales approx. US $ 150 million (2017)
Branch Shipbuilding , plant engineering
Website www.asry.net

In 1991, mine damaged USS Tripoli in Asry dry dock

The Arab Shipbuilding and Repair Yard ( ASRY ; Arabic الشركة العربية لبناء وإصلاح السفن, DMG aš-Šarika al-ʿarabiyya li-banāʾ wa-iṣlāḥ as-sufun , shortأسري / Asrī ) is a shipyard founded in 1977 in al-Hidd , Bahrain . The focus is on the maintenance and repair of tankers in the Persian Gulf , as well as the repair of offshore structures since 2010 , the construction of new ships since 2015 and plant construction since 2018 .

Formation and ownership

In the 1970s, the Organization of the Arab Oil Exporting States initiated the construction of a shipyard for the maintenance and repair of tankers in the Persian Gulf and thus the promotion of the regional economy including the creation of jobs for the local population. The founding agreement was signed in Kuwait in 1973: the founding members of the shipyard were the governments of Saudi Arabia , Kuwait , the United Arab Emirates , Qatar and Bahrain, who each held 18.84 percent of the shares. In addition, Iraq received 4.7 percent and Libya the remaining 1.1 percent. In several steps, the company was endowed with 340 million US dollars by 1977. In 2018, ownership changed when Bahrain became the majority shareholder of Asry through a capital increase through Mumtalakat Holding Company ( Mumtalakat , the sovereign wealth fund of the Kingdom of Bahrain). This majority was taken over by the National Oil and Gas Authority (NOGA) in 2019.

Location, construction and equipment

The Arab Shipbuilding and Repair Yard is located in the northeast of Bahrain on the island of al-Muharraq in the formerly independent city of Al-Hidd , now a district of al-Muharraq. The shipyard was built by the South Korean Hyundai Group .

The shipyard's equipment includes a dry dock with a length of 375 meters that can accommodate ships up to 500,000 tons. Asry was the first shipyard in the world to be specially built for “Very Large Crude Carriers”, tankers weighing over 200,000 tons. The dry dock has been supplemented since 1992 by two floating docks with a length of 252 meters and 227 meters for ships up to 120,000 tons and 80,000 tons respectively, and since 2008 two twin slipways with a length of 255 meters. There are also 15 repair berths and numerous workshops for a wide variety of tasks. The shipyard is equipped with 15 cranes with load capacities ranging from 12 tons to 200 tons, including a floating crane for 200 tons. The initial equipment in 1977 included six shipyard tugs that had been built by the Portuguese shipyards Estaleiros São Jacinto and H. Parry & Son . These were replaced by four new tugs in 2011; Seven tugs were in use in 2019.

Development of the shipyard

After commissioning in September 1977 and the official opening on December 15, 1977, first took over the Portuguese Lisnave -Werft the management of the new company. In 1978 the shipyard repaired the first ship, a tanker. Customers initially included the shipping companies operating locally and oil production and processing companies with tankers, freighters, support ships such as tugs or suppliers . Customers also include the Bahraini Navy and Coast Guard, the US Navy , whose 5th fleet is based in Bahrain, and the British Royal Navy .

In the first few years, the shipyard made little profits despite a high level of capacity utilization and made occasional losses (1979: US $ 10 million loss, further sales: 1983: US $ 31 million, 1983: US $ 13 million, 1984: US $ 16.6 million, 1994: US $ 68 million, 1995: US $ 74). The number of employees during this period was almost constant at around 1200 to 1300 employees. Therefore, the company added ship conversions to its portfolio. The first conversion took place in 1996 for the Norwegian shipping company Fred. Olsen & Co. , for whom the shipyard converted the 1974 tanker Knock Taggart with a dead weight of 140,905 into a floating tank farm for use off the Nigerian coast. From 2010 the shipyard offered the maintenance and repair of oil rigs, from 2015 the construction of new ships (barges, tugs, landing craft). In this context, she built four tugs for her own use and in 2016 a landing craft for the Bahraini coast guard. No other new buildings are known.

By 2019, the shipyard claims to have repaired or converted more than 4,100 ships, and around 200 additional measures are carried out every year. The company's sales rose to around US $ 199 million in 2013 and fell to around US $ 150 million in the following year. While the number of employees was 5400 in 2012, then around 6000 in 2014, the shipyard had to lay off around 20 percent of its employees in 2017 due to a lack of orders. Against this background, the company expanded its portfolio again and since then has been offering plant construction in a new business area as part of the restructuring.

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Web links

Footnotes

  1. ↑ a b c Nugent, Thomas, p. 126
  2. ↑ Arab Shipbuilding and Repair Yard Company on the website of the Organization of Arab Petroleum Exporting Countries (OAPEC)
  3. ↑ a b c d Overseas Business Reports, p. 6
  4. ↑ a b Asry launches fabrication and engineering divivsion at tradearabia.com
  5. ↑ NOGA announces ASRY takeover at themaritimestandard.com
  6. ↑ a b Nugent, Thomas, p. 208
  7. ↑ Arab Shipbuilding & Repair Company ASRY at shipyards.gr
  8. ↑ ASRY at resolute.gr
  9. ↑ Tugs on the ASRY page
  10. ↑ Asry invests $ 188m in Ship Repair Ops , December 15, 2011 at maritimeprofessional.com
  11. ^ Nugent, Thomas, p. 127
  12. ↑ Ibrahim Noori: The Bahrain-based Arab Shipbuilding and Repair Yard, ASRY, set… at upi.com
  13. ↑ New ASRY-built Tug fleet streamlines yard operations , In: ASRY news Q1-2013, p. 6f.
  14. ↑ ASRY's new Strategies Gathering Momentum at bizbahrain.com
  15. ↑ ASRY Ship Repair & Conversion at asry.net
  16. ↑ Bahrain's Asry posts fourth revenue growth in a row at menafn.com
  17. ↑ New ASRY boss tob e unveiled within six weeks at seatrade-maritime.com
  18. ↑ ASRY looks for a bigger share of the market at logisticsmiddleeast.com