
ASRY and Priya Blue launch Bahrain ship recycling venture
Arab Shipbuilding & Repair Yard Company (ASRY) and Priya Blue Group have formally launched a ship recycling joint venture following the arrival of the first vessel for recycling in Bahrain. Best Oasis, one of the world’s leading cash buyers of ships and offshore energy assets for recycling, will support the joint venture in sourcing tonnage and managing the commercial acquisition of vessels brought to the Bahrain facility, while ASRY will provide its established shipyard infrastructure for projects.
The joint venture aims to provide an integrated ship recycling solution covering vessel sourcing, recycling, safety and environmental management, compliance documentation, hazardous waste management, dry dock and slipway access, heavy lifting infrastructure and regulatory support within Bahrain.
In addition to conventional vessels, the joint venture is particularly well positioned to support the recycling of complex offshore assets including FPSOs, FSOs, rigs and offshore structures. ASRY holds the licenses required to recycle vessels containing hazardous materials originating from production fluids.
Recycling operations can be performed using ASRY’s drydocks and slipways, as well as alongside its repair berths. It has the capability to recycle vessels up to ULCC size and receive rigs and offshore structures directly onto berth, while operating in alignment with the principles of the Hong Kong Convention (HKC) and EU SRR.
Commenting on the initiative, ASRY CEO Dr. Ahmed Al Abri said, “Partnering with Priya Blue to bring best practices in ship recycling to the Kingdom of Bahrain represents a strategic extension of our journey and evolution, and this vessel marks the beginning of this new phase.”
Priya Blue has recycled more than a hundred complex vessels at Alang. Sanjay Mehta, Chairman of Priya Blue Group commented: “We know what compliant, responsible ship recycling looks like – and what it takes to deliver it consistently. Bahrain is not an experiment. It is a deliberate expansion of a proven operation, and this vessel is its opening statement.”



















