Arab Shipbuilding and Repair Yard Company (Asry) has received two key international certificates.

This was announced at the company's 122nd board meeting, chaired by Shaikh Daij bin Salman bin Daij Al Khalifa.

The meeting was attended by representatives of the remaining shareholding countries - Saudi Arabia, Qatar, Kuwait, the UAE, Iraq and Libya.

The board members visited the site of the expansion project where the first 580 metres of the quay wall and return wall were delivered by the contractor, in the presence of Nass Group chairman Abdulla Ahmed Nass, managing director Sameer Nass and Nass Contracting chief executive Ghazi Nass.

Asry is expected to receive the remaining part of the quay wall which is 800 metres in December next year.

The board was briefed on the progress of this project and commended the efforts of the management in following up its construction stages.

Before the meeting, Shaikh Daij received ISO 28000 certificate in security management systems for supply chain and ISO 20858 certificate in maritime port facility security assessment and security plan development from DNV regional manager and senior vice-president Torger Baardseth.

Asry qualified for these certificates after passing the necessary audit.

Shaikh Daij expressed his pleasure for getting these two international certificates, which showed the excellent standard of the company in the field of security systems and being the first ship repair company in the Middle East to get these two certificates.

The board also reviewed the company's results for this year as net operating income is expected to reach $ 148.9 million and the number of vessels repaired up to the end of October 2010 was 158.

The board thanked the management and all the employees for their sincere efforts despite the severe competition.

It approved the 2011 budget and reviewed a number of proposals and information related to administrative, marketing and technical matters. It was also briefed regarding plans for continuous improvement.-TradeArabia News Service