ASRY NEWS

LEADING SHIPYARD IN THE ARABIAN GULF SINCE 1977 Q2 2015

New Construction
kickstarted
New Landing craft contract re-ignites
ASRY’s new construction programme

Relay Engineering 3.5m manhours Navy boost with “First Rate Service”
join Project Jupiter without rig repair LTI Babcock signing Royal Navy feedback

building the arabian gulf’s
leading cluster of
onsite specialist contractors
at asry
2 3
ASRY is proactively responding to challenging Offshore market
conditions by emphasizing diversification and quality.
While the Ship Repair side
of the business is doing well,
exceeding its revenue target
for the year so far, the Offshore
contribution to revenues is
pulling down overall revenues
significantly. This is due to a
reduction of rig projects in the
region and postponement of
planned rig upgrades. Realizing
that these challenging market
conditions are likely to be the
status quo for the foreseeable
future, we are being proactive
in our response, rather than
waiting for better conditions.
Our strategy is two-pinned.
Firstly we are aggressively
pushing our newest
diversification – the New
Construction & Engineering
division – with a new contract
already signed with the Bahrain
Coast Guard reigniting our
newbuild programme. Secondly
we are emphasizing ASRY’s
hallmark of Safety and Quality
- to maintain high customer
satisfaction levels – such as
the recent milestone of having
ASRY NEWS
Chief Executive
Message
recently completed over
3.5million manhours without
a Lost-Time-Incident on rig
repairs.
Despite ASRY’s size and
heritage, it is important in this
competitive market to react
dynamically to change. As
planned, ASRY’s variety of
facilities and services provide
options for us to tap new
revenue streams and adapt to
the demands of the industry
with alternative solutions. As
one of our streams, such as
Offshore repairs, slows down,
we are able to create some
compensation in other streams,
such as New Construction
& Engineering whilst also
maintaining and increasing our
Shiprepair market share.
We are also focusing on
strengthening our ties to
important markets, such as the
UK. This quarter saw ASRY
make several new bonds with
British interests. Firstly with
the signing of UK-based Relay
Engineering to offer its expertise
Q2 2015
in electrical, mechanical and
constructive engineering
directly to ASRY’s customers
from a dedicated service point
in the yard; secondly was
the signing of a collaborative
enabling agreement with
Babcock, the UK’s market-
leading engineering support
services company, to undertake
maintenance work on UK Royal
Navy warships in the Gulf; and
thirdly was the signing of a new
UK agent to market ASRY in
the UK.
Customer satisfaction is our
most important metric and we
are pleased that the average
result we receive from our
continual feedback surveys
is between ‘highly satisfied’
and ‘excellent’. This is echoed
by clients such as the Royal
Navy referring to ASRY’s ‘first-
rate service’ and others kind
references.
Nils Kristian Berge
CHIEF EXECUTIVE
ASRY

ASRY to build
new landing craft
ASRY has won a tender to design and construct a new Landing
Craft for the Bahrain Coast Guard, kickstarting the yard’s New
Construction programme
Recently, ASRY’s New
Construction programme
received a strong
endorsement with the
signing of an agreement with
the Bahrain Coast Guard
to design and construct
a new Landing Craft for
the transport of vehicles,
potable water, and fuel.
A Bahrain Coast Guard
delegation at ASRY
4 5
The craft, potentially the first
of two, will be delivered in
2016. The contract, worth
approximately $2.8m, marks
ASRY’s first newbuild contract
since launching the New
Construction & Engineering
division, which is tasked with
growing the new construction
programme at the yard.
“This deal is significant
for ASRY,” commented
ASRY Chief Executive,
Nils Kristian Berge, “as
it marks the beginning of
ASRY’s new move into the
new construction market.
Historically ASRY has always
had the capabilities and
resources to run a quality new
construction programme, with
several newbuilds completed
over the years, but we now
see a gap in the market of
regional ship construction
of small to medium
sized vessels. Our New
Construction & Engineering
division now boasts some of
the most experienced naval
architects and engineers in the
Arabian Gulf and combines
them with ASRY’s years of
know-how to make a first class
newbuild team.”
Sauvir Sarkar, ASRY New
Construction & Engineering
Senior Manager, elaborated,
“The newbuild market in
A digital
visualisation of
the landing craft
ASRY NEWS Q2 2015
NEW CONSTRUCTION EXPERIENCE
ASRY has several successful new construction
projects already completed including:
NAKILAT VI
A 35m Offshore Support
Vessel for Kuwait Oil
Tanker Company
the Arabian Gulf still has
significant room for growth.
With ASRY’s experience, we
can build world-class vessels
at prices competitive with
international builders. We aim
to put this region on the map
in terms of vessel design and
construction, especially small-
to-medium sized vessels.”
During the Kick off meeting POWER BARGES
with Coastguard, Brigadier Ala
Abdulla Seyadi, Commander
Coastguard stated that, Multiple 82m-barge hulls
“ASRY’s experience is well- created for floating power
known, and their quality of barge units.
work shows through their
shiprepair operations. It’s a
natural step for them to move
to step up their newbuild work,
and we’re very comfortable
trusting them to grow our fleet
at a reasonable price point.
We hope to work with them
with several other projects in
the future.”
Lt Colonel Jahangir Sarwar,
Chief Engineer, Bahrain Coast
Guard confirmed that this
would be another milestone ASD TUGS
for ASRY after successfully
building the Check point A fleet of four 25m, 45-tonne bollard pull ASD tugs built
Barges for BCG. “We have a for in-yard usage.
good history with ASRY and
expect it will continue with
this and future projects, and
are particularly interested in
ASRY’s advanced capabilities
such as 3D simulation tool
to give greater feedback at
engineering stage.”
The landing craft will be
approximately 34.5m in
overall length, with two 600
horsepower engines, having
a top speed of 10 knots and
cargo deck capacity of 40
tonnes. Delivery is expected in
the first half of 2016.

“We spend a lot of time and effort
on fostering a premium Safety
culture...the well-being of our
staff, contractors and clients is
our number one priority during a
project.”
Nils Kristian Berge, ASRY Chief Executive
6 7
ASRY tops 3.5m manhours
without LTI in rig repair
ASRY Offshore Services division has not had a Lost
Time Incident (LTI) since September 2012, over 3.5
million manhours ago.
ASRY has reached another safety milestone with its Offshore
Service division exceeding 3.5 million manhours without having
a Lost Time Incident (LTI). The landmark achievement, which
includes over two and half years without a rig repair LTI, comes
amid an ongoing optimisation of the Safety department and focus
on quality excellence that the yard has made one its top priorities.
“We spend a lot of time and effort on fostering a premium Safety
culture,” said ASRY Chief Executive, Nils Kristian Berge. “The well-
being of our staff, contractors and clients is our number one priority
during a project, and we have put extensive protocols in place to
not only minimise incident frequency and severity, but also change
the mindsets of every worker on site.” Berge also emphasised the
yards safety philosophy, “we’re integrating safety and quality as the
primary consideration – a safety briefing is the first agenda point at
ASRY NEWS Q2 2015
weekly Core Management meetings and includes weekly incident
reports and full itemized HSSEQ summary for the week.”
ASRY’s safety reputation is well-known amongst the maritime
community. Already in 2015 there has been a decrease of
approximately 14% in the Cumulative Frequency Rate (calculated
as the number of LTI per manhours, divided by 200,000) from 0.78
to 0.67. A recent restructuring has seen the Safety Department
introduce unique new protocols to enhance Safety culture, including
allowing clients to interact and agree a safety policy prior to vessel
arrival; a co-signed live Bridging Document for Offshore clients
which contains the safety manual on how the yard will go about its
safety tasks; and a regularly publishing safety statistics on a yard-
wide basis to maintain transparency and encourage all employees
to take ownership of safety awareness.
Already in 2015,
there has been
a decrease of
approximately
14% in the
Cumulative
Frequency Rate
 ASRY NEWS Q2 2015

ASRY signs ASRY signs Royal Navy support

new UK agent agreement with Babcock
Shiprepairers & Shipbuilders Ltd (SRS) signs exclusive deal to A long term support facility agreement has been signed
represent Arabian Gulf’s most experienced shipyard between ASRY and Babcock to provide ongoing services
With the signing of a new UK agent, ASRY ASRY has signed a long-term collaborative enabling agreement
is set to see more UK vessels, such as the with Babcock, the UK’s market-leading engineering support
Songa Peace, in the docks services company, to undertake maintenance work on UK Royal
Navy warships in the Gulf.
The agreement will cover work from general maintenance to
specific projects such as the changing of diesel generators under
the Sandown Volvo Generator Programme. ASRY will deliver the
in-theatre engineering support while Babcock provides project
management and technical information through a locally based
Class Output Management (COM) oversight team, and some
specific equipment where required.
ASRY Chief Executive, Nils Kristian Berge, said: “This enabling
agreement is another positive sign of ASRY’s acceleration of
our Defence sector marine repair programme. Partnering with
a global firm of Babcock’s scale and reputation will allow us to
provide more efficient support to the Royal Navy, and is in line
with the shipyard’s strategy to be the leading navy repair hub in
the Arabian Gulf.”
to the Royal Navy in Bahrain
Babcock Warships Managing Director, Mike Whalley, said:
“We have contracted ASRY on numerous separate occasions to
undertake work to RN warships in the past, and have developed
a strong, supportive working relationship which this long-term
agreement now secures and cements. The ability to deliver
timely, high quality support in the Gulf region is an important part
of Babcock’s role providing forward support to the Royal Navy
anywhere in the world and, with the necessary facilities and
local marine repair expertise in place, this long-term partnering
arrangement with ASRY will further strengthen our ability to
provide this support reliably, to the required high standards –
something that will become increasingly important with longer
deployment periods.”
The agreement between Babcock and ASRY was officially
signed in Bahrain on Monday 29 June by Babcock Warships
Managing Director Mike Whalley, and ASRY Chief Executive Nils
Kristian Berge.

Babcock Managing Director, Mike

Whalley (second from left) and ASRY
Chief Executive (third from left) with
officials at the signing.

ASRY has signed a going forward, of ASRY’s leading

representation agreement
with Shiprepairers &
Shipbuilders Ltd (SRS) to
exclusively market ASRY’s
products, services and
facilities to the UK shipping
market. The move comes
as part of ASRY’s strategic
re-alignment of its agent
network that has seen
several new agents sign with
ASRY recently.
Nils Kristian Berge, ASRY
Chief Executive said of
the new signing, “We are
streamlining our agent
network to remind our key
markets, historically and
Like ASRY, SRS has a long and
distinguished history. Founded in
1968 as the first independent UK
marketing agency for ship repair
and conversion, SRS has built up
an impressive agency network of
ship repair yards.
position in the Arabian Gulf
shipyard scene. The UK has
over the years been a strong
supporter of ASRY’s and we
are optimistic that partnering
with SRS will see the support
continue and flourish in the
coming years.”
Like ASRY, SRS has a long
and distinguished history.
Founded in 1968 as the first
independent UK marketing
agency for ship repair and
conversion, SRS has built up an
impressive agency network of
ship repair yards offering the ship
owner and the technical operator
the ability to repair vessels on
any continent.

8 9
 ASRY NEWS Q2 2015

Stolt bolsters Project Jupiter Update

ASRY dockings
Latest developments on the project making ASRY the region leader in on-site specialist contractors

Stolt Tankers now one of ASRY’s

loyal repeat customers after series
of succussful dockings
The number of dockings from
Stolt Tankers at ASRY is on the
rise, as the two firms continue
forging an ongoing relationship
of mutual trust and cooperation.
The growing relationship
is an example of leaders in
their respective fields finding
common ground. Stolt Tankers
BV operates one of the world’s
largest and most sophisticated
fleets, with more than 150
ships and barges, and is
headquartered in Rotterdam,
Netherlands from where
majority of the fleet is managed.
Wheras ASRY is the leading
shipyard in the Arabian Gulf.
From 2012 onwards at least
one Stolt vessel has been
Stolt Stream, the most recent in a series of
docked in ASRY every year,
including the Stolt Valor, Stolt
Helluland, Stolt Courage, Stolt
Endurance among them.
With many Stolt vessels
trading in the Arabian Gulf
region this list is expected to
expand.
Stolt Stream was the most
recent docking, on which ASRY
successful Stolt dockings at ASRY
carried out routine drydocking
jobs, hull treatment, tank
treatment, pipeline renewals,
mechanical jobs and more, to
strong praise from all those
involved.
Building on successful
dockings such as this both firms
anticipate more collaborations
to extend their mutual trust.
Relay Engineering Join ASRY’s
Plan to Create Maritime Hub
UK-based engineering firm signs service agreement to provide direct services to vessels
in ASRY, expanding the list of the yard’s onsite specialist contractors.
ASRY has signed a specialized
Services Agreement with Relay
Engineering Limited, a specialist
engineering company based in the
UK, to offer its expertise in electrical,
mechanical and constructive
engineering directly to ASRY’s
customers from a dedicated service
point in the yard.
During a ceremony held at ASRY’s
headquarters, the major Service
Agreement was signed under the
umbrella of the ongoing Project
Jupiter – an initiative to make ASRY
the leading hub of onsite specialist
contractors in the Arabian Gulf. The
agreement will see Relay provide
a dedicated service point in ASRY
to offer its specialized electrical
and instrumentation works on-
board vessels calling at the yard, in
particular on Navy Vessels, Jack-up
Rigs and barges.
ASRY Chief Executive, Nils Kristian
Berge, commented, “with Relay
Engineering joining the growing list
of premium specialist contractors
that are based onsite at ASRY,
we take another step to providing
the most comprehensive range of
repair and maintenance services
to our customers, particularly in the
offshore and navy sectors. Our goal
of being the region’s one-stop shop
for maritime maintenance is drawing
closer thanks to partnerships with
pioneers like Relay Engineering.”
Relay Engineering Managing
Director, Paul Fisher added that this
step is a major achievement and
with the new arrangement, ASRY will
now turn to be a hub in the region
from which Relay Engineering can
offer its wide range of services to all
customers visiting ASRY.
ASRY Procurement & Contracts
General Manager, Magdy M.
Moustafa, said that “The success in
concluding a Specialized Services
Agreement with Relay Engineering
is a good sign that we are continuing
to move on the right track ensuring
presence of more and more
specialized service providers in
the Yard on long term basis under
Project Jupiter”.
Along with other senior ASRY
officials, Relay Engineering General
Manager, Andrew Wrankmore was
present. As per the arrangement,
ASRY can now make available the
expertise and experience of Relay
Engineering to its valuable customers
at affordable prices whereas
Relay Engineering has widened
its global presence and will now
have a dedicated Service Point in
ASRY to service a greater variety of
customers.
ASRY Chief
Executive
Nils Kristian
Berge (front
left) with Relay
Engineering
Managing
Diretor Paul

ASRY celebrates
Fisher (front
right) and

female superintendent
other officials
at the signing
ceremony

ASRY welcomes a rare female

superintendent to the yard and celebrates
her appointment
Anastasia Aggelidou is currently working as Assistant to the
Technical Manager at Econav (Greece). She has been with Anastasia
Econav for three years, and is currently responsible for assisting Aggelidou poses
the Technical Manager in class, flag, vetting inspection and next to her vessel,
Alia, and with the
drydocking matters. Aggelidou graduated in Finance & Maritime
ASRY Customer
Studies from Greece and later completed a Masters in Shipping Care team (inset)
Management from UK. ASRY Customer Care department
organised a special welcome for her upon arrival.

10 11

ASRY Showcased at Top
Shipping Exhibition in Norway
Nor-shipping – the biggest maritime exhibition in Europe - provides platform for ASRY to
expand international customer base
ASRY recently showcased its
products and services at Nor-
Shipping 2015 – the largest
maritime exhibition in Europe.
With 1,030 exhibitors from 50
countries and over 22,000sqm
of floor space, the show is a
foundation of ASRY’s annual
exhibition calendar, and useful
customer touchpoint in the
yard’s continued growth path.
“Exhibiting here is an
excellent way to stay in touch
ASRY’s Nor-shipping stand was
typically buzzing with customers
and friends of the yard
12
“The Norwegian
market has a long
history of choosing
ASRY...its a very
useful event for us
to attend ”
Nils Kristian Berge, ASRY CE
with the important European
market, and in particular the
Norwegian market, which has
a long history of choosing
ASRY,” said ASRY Chief
Executive, Nils Kristian Berge.
“The shipping market is
naturally well-represented, but
we also have found that the
Offshore market, which ASRY
has a lot of experience with, to
have a strong presence here.
So overall, it’s a very useful
ASRY AWARDS
Shipping Leaders win ASRY
Awards in Saint Tropez
event for ASRY.”
ASRY’s presence at the
Norway show also provided an
opportunity to highlight Project
Jupiter, the initiative to build the
Arabian Gulf’s leading cluster
of onsite specialist contractors.
Now boasting more than 35
contractors with a permanent
presence at the yard, ASRY
is fast becoming the most
convenient destination for
marine repairs.
ASRY’s annual celebration of its best
clients and agents – the ASRY Awards
for Best Customers and Agents – took
place recently in Saint Tropez, France
where the leading performers from a
variety of categories were hosted and
given bespoke awards by ASRY’s senior
management.
The ASRY Awards for the Best
Customers and Agents 2013/14 was the
sixth version of the annual ceremony,
which is designed to encourage long-term
relationships with ASRY and reward the
loyalty of returning customers. As such,
the venues for each award ceremony
are in some of the most prestigious
locations in the globe. This year the
renowned Chateau De La Messardiere in
Saint Tropez provided an elaborate and
opulent scene for the formal dinner and
ASRY NEWS
WINNERS
Best International Customer
Maersk Line Ltd
Best Arab Customer
Mideast Ship Management
Best Agent
Coway Marine Services
Best Slipway Customer
Zamil Offshore Services
Appreciation Award
Victoria Maritime Services
ceremony, with previous venues including
Hotel Cipriani in Venice and Hotel De Paris
in Monaco. Speeches by ASRY’s Chairman
and Chief Executive, revealed the
motivations and importance of the awards.
“The primary reason for this annual
event,” said Shaikh Daij Bin Salman Al
Khalifa, ASRY Chairman, in his speech,
“is to show our gratitude to all our
stakeholders for the commitment and
dedication you have shown ASRY over the
Q2 2015
Maersk, Odfjell, Mideast
Ship Management, and
UASC (United Arab Shipping
Company) among winners at
ASRY Awards ceremony in
French Riviera
All the ASRY Award winners at the
prestigious event
previous year that has allowed us to go
from strength to strength.”
Meanwhile, Nils Kristian Berge, ASRY
Chief Executive, underlined ASRY’s
focus on customer satisfaction in his
address at the event, “Tonight is about
you – our customers. ASRY is a large
corporation, that employs thousands
of people, and is a pillar of the Bahrain
community and economy, but at the heart
of its mission are the interests of all of
you sat here with us tonight and your
colleagues across the world. Satisfying
you, the ship owners and operators, is
our most important objective.”
The guests included the senior
management of some of the global and
regional shipping industries leading
corporate names, such as Maersk Line,
Odfjell, UASC and more.
13

CUSTOMER FEEDBACK
“Positive, relaxed, flexible,
creative, healthy, working
environment”
P. Dimitov., Superintendent Drydocking from KOTC, updates ASRY on the current opinion of
recent dockings, which are part of the Exclusive Service Agreement that will see the majority of
KOTC’s tanker fleet dock at ASRY in the next two years.
“Dear ASRY, thank you
very much for the warm
wishes to our team.
“It was another great
opportunity to work with
such excellent teams, lead
by Master Chief Engineer
and Magdy Sharkawy,
who contributed to the
KOTC’s Wafrah in ASRY, and
teams from Wafrah and ASRY
meeting (inset)
14
establishment of the positive,
relaxed, flexible, creative,
healthy and enjoyable
working atmosphere.
“I would like to wish
both teams, from ‘Wafrah’
and ASRY, as well as all
concerned, good health,
family happiness, success
ASRY NEWS Q2 2015
CUSTOMER
FEEDBACK
“First-rate service Royal Navy Warrant Officers Jazz
Clapham and Ian Sutton feedback
provided by ASRY” to ASRY after the recent docking of
two Landing Craft, LCVP0355 and
LCVP0344
and prosperity in the future !
Many thanks to all for the
efforts and
Dear Nils,
successful
ss our sincere thanks for the first-
Project WAF
DD’15!” We would like to take this opportunity to expre
ng craft maintenance period.
rate service ASRY provided during the recent landi
Manager Tony Haile preparing for
The support and guidance provided by Projects
outset. The delivery of the project
this support period warranted success from the
tenacity by the designated Project
was led throughout with sound management and
d a single point of contact
Manager Abdel Maksoud Basyouni, who maintaine
would like to pass on our sincere
particularly when language became a barrier. We
his team who provided high level
thanks to Asryblast Manager David Waugh and
wish to name Anzar Ahmed Khan
support with the husbandry tasks, and would also
rs. Finally, away from the project,
for his high standards managing the GRP repai
catering was of huge benefit and
the provision of a fully equipped office including
was greatly appreciated.
supported the LCVP Mk5B. At
We are aware this was the first time ASRY have
ver despite not achieving the incline
times certain repairs became a challenge, howe
this initial support period was a
trials due to the sea state, we are delighted to say
experience of these craft, further
great accomplishment. Now ASRY have some
and we look forward to working
support periods should provide greater success
with your team again.
Yours Sincerely, The Royal Navy’s LCVP 0355 in
ASRY mid-repair
Jazz Clapham Ian Sutton
Warrant Officer Warrant Officer
Royal Navy Royal Navy
15
ASRY NEWS
External Newsletter for Arab Shipbuilding & Repair Yard
PO Box 50110, Hidd
Kingdom of Bahrain
Tel: +973 1767 1111
Web: www.asry.net