ASRY, the Bahrain-based maritime repair and fabrication facility, has taken steps to strengthen its presence in the important Scandinavian market. The company has signed an agreement with Ulrik Qvale & Partners (UQP), with the latter now becoming ASRY’s exclusive representative within Norway.
Magdy Sharkawy, ASRY’s Ship Repair General Manager, says he believes the deal will have a positive impact on the company’s market position with regards to Norwegian ship managers and owners. “Having been streamlining our agency network over the past two years, we have seen tangible benefits from being represented by agents with multiple principals and diverse revenue streams,” he observed. “UQP represents over 25 companies, across different maritime sectors, and we are confident this mix will expand our business in the important Norwegian market.”
UQP is similarly upbeat about prospects for the new partnership. Oivind Qvale, UQP Managing Director, commented: “Adding ASRY to our portfolio of clients allows us to offer our wide customer base of ship owners and managers a leading yard in the Middle East as an option in their repair strategies. Both ASRY and UQP have more than 40 years of experience and reputation, so combining our offering will create some interesting synergies.”