Download Middle East Navigation Aids Service

Middle East Navigation Aids Service
Presentation of Business Developments to
INTERTANKO,
Dubai, March 2004
Introduction
• MENAS was established in 1925 to provide
navigation aids for the Arabian Gulf.
• Incorporated in the U.K as a non-profit
company - a company limited by guarantee.
• Its governance is under the control and
scrutiny of the U.K’s Charities Commission.
Challenge for Menas
• 90% of revenue is dependent on collection of light
dues.
• Maintaining support of ship owners is essential to
viability of the service.
• Menas must demonstrate that it: (a) Operates in a
thoroughly commercial manner and (b) provides the
service that ship owners actually need.
MENAS Strategy
• Broaden the revenue base by increasing (navigation
aid) contract work with ports.
• Broaden the scope of activities to (a) increase
revenue generating potential and (b) provide a wider
range of services to ship owner clients.
• Reduce costs.
Strategy Implementation - Progress to Date
• Solarisation of nav. aids and reform of operational
practices.
• Reduction of manning levels at sea and on shore.
• Reform of business controls , billing processes and
accounting practices.
Direct Costs
Direct Operations Expenditure
5800000
5600000
5400000
5200000
Direct Operations
Expenditure
5000000
4800000
4600000
4400000
4200000
97 98 99 00 01 02 03
Cost Base Reduction - Staff
Staff Numbers
120
100
80
60
Staff Numbers
40
20
0
97 98 99 00 01 02 03
Reduction in Staff Costs - MOD
Staff Costs
2500000
2000000
1500000
Staff Costs
1000000
500000
0
97 98 99 00 01 02 03
Management Cost Reduction
*Directors emoluments
350000
300000
250000
200000
*Directors
emoluments
150000
100000
50000
0
97 98 99 00 01 02 03
Strategy Implementation - The Future
• A new ship with greatly enhanced capabilities.
•
•
•
•
Oil Spill Response.
Training
Hydrographic Survey
Off shore and diving support
• Geophysical Survey
The New “Relume”
• Computer generated picture of new ship
Principal Specifications of the new “Relume”
• Core Manning 10. Accommodation for up to 40 persons - e.g.
trainees and contractor’s personnel.
• Twin Azimuth units and twin tunnel thrusters.
• Kongsberg Simrad DP system (DP2)
• Service Speed 13kts.
• 25 Tonnes main crane, 13 tonnes general purpose crane.
Delivery of the new Ship
• Picture of the launch
Preparations for Introducing the new “Relume”
• Experienced GM appointed in Bahrain.
• Experienced DP officers being recruited.
• Training and accreditation for oil spill response is in
hand.
• ISO Accreditation.
The New Menas
• The changes made over recent years, when taken
together with the introduction of the new “Relume”
will represent the biggest transformation in the
history of the Service.
• The new Menas will be better aligned with the
interests of ship owners and of the Gulf region’s
authorities.
• It will deliver a wider and more relevant range of
services at a lower cost than ever before.
Thanks
• MENAS is grateful to INTERTANKO for this
opportunity to address its members.