ASRY signs Bahri fleet agreement

May 04 2018


ASRY (Arab Shipbuilding and Repair Yard), the Bahrain-based maritime repair and fabrication facility, has signed a fleet agreement with Bahri.

The Saudi Arabian shipowner has committed to a fleet repair framework agreement that sets favourable terms and conditions for their vessels to be repaired and drydocked at ASRY into 2019, the repairer said.

 

To date Bahri owns 91 vessels. Established as the National Shipping Co of Saudi Arabia (NSCSA), it has played a leading role in the transformation and growth of the Arabian shipping industry.

 

This agreement represents another strategic link with ASRY, which recently celebrated its 40th year of operation.  

 

Abdel Aziz Sabri, President of Mideast Shipmanagement, Bahri’s shipmanagement arm, said of the agreement, “ASRY has been a long-term partner of Bahri, having repaired many of their vessels successfully. We’re pleased to take this next step with them and we look forward to this agreement allowing our fleet to be repaired with even greater ease and in greater numbers in the future.”

 

ASRY’s CEO, Andrew Shaw, said: ‘It’s very encouraging to enhance our relationship with such a prestigious owner as Bahri. This agreement allow us to offer the best value and flexibility for drydock availability, prices, and repairs, and continue to deliver high standards of safety, quality and schedule. We understand the downward pressure being faced by owners, and encourage these collaborative ways of supporting fleets both regionally and globally.”

 



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