The first six months of this year have seen a total of 103 contracts placed with Bahrain’s Arabian Ship Repair Yard (Asry), the company reported.

These ranged from the traditional VLCCs and ULCCs to the more sophisticated and complex repairs to offshore drill rigs and work over barges along with bulk carriers, chemical carriers, LPG carriers, dredgers, and offshore support vessels.
“The large number of contracts won over the first six months have come on the back of some 218 specifications being received, resulting in a 43.41 per cent success rate compared to 32.4 per cent over the same period last year,” it said.
“As to be expected with record results the dock occupancy rates have been consistently high with the Graving Dock achieving 100 per cent. Liklewise the two floating docks have seen increases in occupancy, with 98.3 per cent for Floating Dock Number 2 and 98.9 per cent for Floating Dock Number 3. The number of UL/VLCCs repaired during this period has remained consistent with last year, whereas vessels in the 70,000 dwt sector have increased substantially over the same period.”
Asry said Arab markets booked 34 vessels for repairs and international markets 40. The first half witnessed more than 2.2 million dwt of vessels repaired, of which around 46 per cent came from Arab markets.