Shiprepair activity at Bahrain’s ASRY’s shipyard has held up well over the first half of 2018, continuing a positive trend experienced in 2017. Around 140 vessels were repaired in this period, a similar number to the equivalent months of last year.
Encouragingly, the average amount spent per vessel on repairs has been at a significantly higher level than that seen in recent years, the company reports. Environmental retrofits, including the installation of ballast water treatment systems, have also been a highlight of this year’s work programme, with customers for this type of activity including Arab Maritime Petroleum Transport Company (AMPTC) and Odfjell. Negotiations for other ballast water treatment system retrofits are said to be in progress within both new and returning customers.
The Arabian Gulf market has been the biggest contributor to the yard’s revenues so far this year, with around 69% of ASRY’s ship repair income coming from clients based in the region. Key customers have included United Arab Chemical Carriers (UACC) of Dubai, Bahri from Saudi Arabia and National Petroleum Construction Company (NPCC) of Abu Dhabi, as well as Egypt’s AMPTC.