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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
4200000
4400000
4600000
4800000
5000000
5200000
5400000
5600000
5800000
97 98 99 00 01 02 03
Direct OperationsExpenditure
Cost Base Reduction - Staff
Staff Numbers
0
20
40
60
80
100
120
97 98 99 00 01 02 03
Staff Numbers
Staff Numbers
0
20
40
60
80
100
120
97 98 99 00 01 02 03
Staff Numbers
Reduction in Staff Costs - MOD
Staff Costs
0
500000
1000000
1500000
2000000
2500000
97 98 99 00 01 02 03
Staff Costs
Management Cost Reduction
*Directors emoluments
0
50000
100000
150000
200000
250000
300000
350000
97 98 99 00 01 02 03
*Directorsemoluments
Strategy Implementation - The Future
• A new ship with greatly enhanced capabilities.
• Oil Spill Response.• Training• Hydrographic Survey• Off shore and diving support
• Geophysical Survey
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.
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.