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Spotlight nr 3 December 2015
SPOTLIGHT
Introduction from Nils Kristian Berge, ASRY Chief Executive
After 37 years of operation ASRY has evolved into the most experienced shipyard in
the Arabian Gulf. We serve the regional Arab market and the international market
equally with 50% of our business coming from each sector. Over several strategic
expansions in the past three decades, ASRY now has the biggest variety of facilities
from our graving dock, to our
floating docks, to our slipways to our
extensive 4km of alongside berth
space which gives the yard optimal
flexibility to accommodate
customers at their request. Our
portfolio of services is split into
three primary divisions: Ship Repair,
Offshore services (rig repairs) and
New Construction & Engineering,
and with a customer-centric
operational setup, our reputation is
our greatest asset. We are proud to say that the majority of our business comes from
repeat-customers.


1
Spotlight nr 3 December 2015
Overview
ASRY is the Arabian Gulf s most
experienced ship and rig repair yard.
Founded in 1977 in Bahrain, ASRY has
over 35 years of experience in marine
asset optimisation. Its leading range of
facilities includes a 500,000dwt drydock,
two floating docks of 252m and 227m in
length, 15 repair berths with a total
length of approximately 4,000m, twin
255m slipways, as well as a full range of
workshops and service centres.
The yard s portfolio of capabilities is not
only the largest in the Arabian Gulf, but
also includes jack-up rigs and other
offshore assets, due to a dedicated
division ‒ ASRY Offshore Services.
Combined with a series of other
diversifications including ASRY New
Construction & Engineering Division for
marine engineering packages, ASRY is a
multi-functional marine services hub
committed to providing international
standards to global shipowners
operating in the Arabian Gulf.


2
Spotlight nr 3 December 2015
Recent highlights
ASRY Chosen For New Odfjell
Propulsion Conversions
ASRY has been chosen by Norwegian
chemical tanker operator Odfjell to
upgrade the propulsion systems on
three of its chemical tankers, to a new
energy efficient concept which will
reduce fuel consumption and emissions
by 20% per vessel. The conversions,
which involve fitting new energy
efficiency propeller blades and rudder
bulbs, as well as modifications to main
engines, turbochargers and shaft
generators, have already begun. Work on
the first tanker, the 37,000 dwt
Kvaerner-class Bow Clipper, one of 11
sisterships, was undertaken during
August. The 49,500 dwt Bow Summer,
the first of eight Polandclass vessels, will
undergo conversion in October, followed
by a second Kvaerner-class tanker Bow
Cardinal in November. All 19 vessels will
undergo similar conversions by 2017,
with ASRY s fleet agreement with Odfjell
positioning it well for the awarding of
those contracts.
ASRY Pioneers New ABS Approval for
Tailshaft Repairs
ASRY has received certification from the
American Bureau of Shipping (ABS) for
their repair by cladding and welding of
tailshafts. The certification ensures
ASRY s tailshaft repairs are carried out
in accordance with the exacting
standards and rules of ABS, which is
one of the leading global classification
societies for ensuring the highest quality
in marine-related facilities.
ASRY Health, Safety, Security,
Environment and Quality Senior Manager
Adel Boutari commented after receiving
the certification This approval is a
strong endorsement of our ability to
repair and rebuild tailshafts, which is a
top priority for ship owners. ASRY is one
of the pioneers in the Middle East to
acquire the technology and expertise
required to attain this certification.
3
Spotlight nr 3 December 2015
Jupiter Securing ASRY as Gulf s
Top Shipyard
One of ASRY s primary assets setting it
apart from other shipyards in the region
is Project Jupiter. This is an initiative
launched in 2014 to make ASRY the
leader in Onsite Specialist Contractors in
the Middle East. It has seen several
global specialist contractors, including
ABB, MAN Diesel, SOLAS, Relay
Engineering, Gates and Seven Seas,
increase their investment at the shipyard
to provide more substantial services to
ship and rig owners going forward, with
more international names lined up to
boost their presence at the Bahrain-
based shipyard. Investment from
Specialist Contractors in the yard in
2014 exceeded $3.7m, and with new
confirmed clients in the pipeline, that
number looks set to rise significantly by
the end of 2015.

4
Spotlight nr 3 December 2015
ASRY Chairman Wins Maritime Award
MANAMA: The Chairman of the Board of
ASRY, the leading ship and rig repair
yard in the Arabian Gulf, Shaikh Daij Bin
Salman Al Khalifa has been awarded the
Seatrade Maritime Industry Award at the
recent Seatrade Maritime Awards Middle
East Indian Sub-continent and Africa
(MEISA) in Dubai. The award honours an
individual that has made an exceptional
contribution to the maritime sector in
this region.
Commenting after receiving the award,
Shaikh Daij said, It s a great honour to
be selected for this award, especially
amongst such esteemed company. Some
of the regional leaders of the maritime
industry are present, and I m proud to be
able to make a contribution to the
development of the maritime sector. My
hope is that an improved marine industry
across the region will boost prosperity of
not only our nations, but also our
people.
The selection committee highlighted
several of the ASRY Chairman s
achievements including his first role in
the ports sector of Bahrain, where he
oversaw the launch of a new port, the
privatisation of port operations, and the
creation of a new logistics zone. This was
followed by his leadership of ASRY to
maintain its status as one of the region s
leading ship repair companies, expanding
the range of its facilities and finding
innovative new solutions in response to
market challenges, including the latest
initiative known as Project Jupiter. This is
in addition to the active role in the
development of a national maritime
policy for his country, and being a major
supporter of its move into cruise
tourism. Two years ago he also arranged
a very generous donation to the IMO
f r o m A S R Y i n s u p p o r t o f i t s
humanitarian work in the presence of
Her Royal Highness the Princess Royal
at our London Awards dinner.
ASRY was also shortlisted for awards in
two categories at the ceremony ‒ Ship
Repair Innovation and Corporate Social
Responsibility. The awards were held
under the patronage of Sultan bin
Sulayem, chairman of Dubai Ports,
Customs and Free Zone Corporation and
chairman of Dubai Maritime City
Authority, and were attended by over
700 guests at the Joharah Ballroom at
Madinat Jumeirah, Dubai.

5
Spotlight nr 3 December 2015
Facilities:
6

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Spotlight ASRY

  • 1. Spotlight nr 3 December 2015 SPOTLIGHT Introduction from Nils Kristian Berge, ASRY Chief Executive After 37 years of operation ASRY has evolved into the most experienced shipyard in the Arabian Gulf. We serve the regional Arab market and the international market equally with 50% of our business coming from each sector. Over several strategic expansions in the past three decades, ASRY now has the biggest variety of facilities from our graving dock, to our floating docks, to our slipways to our extensive 4km of alongside berth space which gives the yard optimal flexibility to accommodate customers at their request. Our portfolio of services is split into three primary divisions: Ship Repair, Offshore services (rig repairs) and New Construction & Engineering, and with a customer-centric operational setup, our reputation is our greatest asset. We are proud to say that the majority of our business comes from repeat-customers. 
 1
  • 2. Spotlight nr 3 December 2015 Overview ASRY is the Arabian Gulf s most experienced ship and rig repair yard. Founded in 1977 in Bahrain, ASRY has over 35 years of experience in marine asset optimisation. Its leading range of facilities includes a 500,000dwt drydock, two floating docks of 252m and 227m in length, 15 repair berths with a total length of approximately 4,000m, twin 255m slipways, as well as a full range of workshops and service centres. The yard s portfolio of capabilities is not only the largest in the Arabian Gulf, but also includes jack-up rigs and other offshore assets, due to a dedicated division ‒ ASRY Offshore Services. Combined with a series of other diversifications including ASRY New Construction & Engineering Division for marine engineering packages, ASRY is a multi-functional marine services hub committed to providing international standards to global shipowners operating in the Arabian Gulf. 
 2
  • 3. Spotlight nr 3 December 2015 Recent highlights ASRY Chosen For New Odfjell Propulsion Conversions ASRY has been chosen by Norwegian chemical tanker operator Odfjell to upgrade the propulsion systems on three of its chemical tankers, to a new energy efficient concept which will reduce fuel consumption and emissions by 20% per vessel. The conversions, which involve fitting new energy efficiency propeller blades and rudder bulbs, as well as modifications to main engines, turbochargers and shaft generators, have already begun. Work on the first tanker, the 37,000 dwt Kvaerner-class Bow Clipper, one of 11 sisterships, was undertaken during August. The 49,500 dwt Bow Summer, the first of eight Polandclass vessels, will undergo conversion in October, followed by a second Kvaerner-class tanker Bow Cardinal in November. All 19 vessels will undergo similar conversions by 2017, with ASRY s fleet agreement with Odfjell positioning it well for the awarding of those contracts. ASRY Pioneers New ABS Approval for Tailshaft Repairs ASRY has received certification from the American Bureau of Shipping (ABS) for their repair by cladding and welding of tailshafts. The certification ensures ASRY s tailshaft repairs are carried out in accordance with the exacting standards and rules of ABS, which is one of the leading global classification societies for ensuring the highest quality in marine-related facilities. ASRY Health, Safety, Security, Environment and Quality Senior Manager Adel Boutari commented after receiving the certification This approval is a strong endorsement of our ability to repair and rebuild tailshafts, which is a top priority for ship owners. ASRY is one of the pioneers in the Middle East to acquire the technology and expertise required to attain this certification. 3
  • 4. Spotlight nr 3 December 2015 Jupiter Securing ASRY as Gulf s Top Shipyard One of ASRY s primary assets setting it apart from other shipyards in the region is Project Jupiter. This is an initiative launched in 2014 to make ASRY the leader in Onsite Specialist Contractors in the Middle East. It has seen several global specialist contractors, including ABB, MAN Diesel, SOLAS, Relay Engineering, Gates and Seven Seas, increase their investment at the shipyard to provide more substantial services to ship and rig owners going forward, with more international names lined up to boost their presence at the Bahrain- based shipyard. Investment from Specialist Contractors in the yard in 2014 exceeded $3.7m, and with new confirmed clients in the pipeline, that number looks set to rise significantly by the end of 2015.
 4
  • 5. Spotlight nr 3 December 2015 ASRY Chairman Wins Maritime Award MANAMA: The Chairman of the Board of ASRY, the leading ship and rig repair yard in the Arabian Gulf, Shaikh Daij Bin Salman Al Khalifa has been awarded the Seatrade Maritime Industry Award at the recent Seatrade Maritime Awards Middle East Indian Sub-continent and Africa (MEISA) in Dubai. The award honours an individual that has made an exceptional contribution to the maritime sector in this region. Commenting after receiving the award, Shaikh Daij said, It s a great honour to be selected for this award, especially amongst such esteemed company. Some of the regional leaders of the maritime industry are present, and I m proud to be able to make a contribution to the development of the maritime sector. My hope is that an improved marine industry across the region will boost prosperity of not only our nations, but also our people. The selection committee highlighted several of the ASRY Chairman s achievements including his first role in the ports sector of Bahrain, where he oversaw the launch of a new port, the privatisation of port operations, and the creation of a new logistics zone. This was followed by his leadership of ASRY to maintain its status as one of the region s leading ship repair companies, expanding the range of its facilities and finding innovative new solutions in response to market challenges, including the latest initiative known as Project Jupiter. This is in addition to the active role in the development of a national maritime policy for his country, and being a major supporter of its move into cruise tourism. Two years ago he also arranged a very generous donation to the IMO f r o m A S R Y i n s u p p o r t o f i t s humanitarian work in the presence of Her Royal Highness the Princess Royal at our London Awards dinner. ASRY was also shortlisted for awards in two categories at the ceremony ‒ Ship Repair Innovation and Corporate Social Responsibility. The awards were held under the patronage of Sultan bin Sulayem, chairman of Dubai Ports, Customs and Free Zone Corporation and chairman of Dubai Maritime City Authority, and were attended by over 700 guests at the Joharah Ballroom at Madinat Jumeirah, Dubai.
 5
  • 6. Spotlight nr 3 December 2015 Facilities: 6