ASRY Chosen by KOTC for 19-ship Repair Deal
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 Appoints New Chief Executive
ASRY, a ship and rig repair yard in the Arabian Gulf, has appointed Nils Kristian Berge, the current Commercial General Manager, as Acting Chief Executive, to succeed Chris Potter, who leaves the company in October 2013. The ASRY Board of Directors confirmed the transition has been planned for several months in order to ensure a smooth and seamless transfer of responsibilities. Shaikh Daij bin Salman Al Khalifa, Chairman of the Board of Directors of ASRY commented, “With new expansions and diversifications now completed and integrated at the yard under Mr.
