Duaij Bin Salman Al Khalifa News

One of the largest exclusive ship repair block agreement in Arabian Gulf history, worth over $33 million, signed between ASRY and Kuwait Oil Tanker Company, extends to mid-2017. ASRY, the ship and rig repair yard in the Arabian Gulf, has signed a ship repair block agreement with Kuwait Oil Tanker Company (KOTC) which includes the exclusive maintenance rights to 19 vessels over the next two and half years. The agreement, is worth more than $33 million, and will see KOTC dock these vessels exclusively at the shipyard.

ASRY, a ship and rig repair yard in the Arabian Gulf, is expanding its range of in-yard services by signing a Service Agreement with Solas Marine Services Group. The Agreement will allow Solas to build a 2,000-square-meter Service Center for Life Boats, Life Rafts and Fire Fighting & Life Saving Appliances in ASRY, which will not only expand ASRY’s services portfolio, but also bring new business opportunities to the Kingdom itself. This is the first development in a program of increasing ASRY’s technical resources, which will continue to roll out in 2014.