Latest news with #ASRY
Yahoo
22-04-2025
- Business
- Yahoo
Noatum Maritime, ASRY launch JV with tugboat delivery in Bahrain
AD Ports Group subsidiary Noatum Maritime and The Arab Shipbuilding and Repair Yard Company (ASRY) have announced the official launch of their joint venture (JV) with the delivery of four modern tugboats to ASRY's headquarters in Bahrain. This initiative follows the announcement of the JV in February 2025, which seeks to enhance the current marine service offerings in Bahrain and the broader region. The partnership, named ASRY Marine, aligns with the strategic objectives of both parties to expand their capabilities and diversify their service offerings. It aims to leverage Noatum Maritime's operational expertise and fleet to enhance services at ASRY Shipyard, with future plans to extend to other clients in Bahrain. AD Ports Group maritime and shipping cluster CEO Captain Ammar Al Shaiba said: 'The arrival and deployment of these advanced tugs symbolise the official commencement of our strategic partnership with ASRY. 'We look forward to utilising our decades of expertise in this field to deliver greater operational efficiency, reliability and value to customers.' The arrival of these tugs, which are part of Noatum Maritime's existing fleet, was commemorated during a ceremony attended by representatives from various ministries, public bodies, and industrial firms. ASRY CEO Dr Ahmed Al Abri said: 'We take pride in setting the stage for our new partnership with Noatum Maritime through this occasion. 'The new tugboats feature advanced technologies that will undoubtedly support and enhance current marine services, while also enabling the introduction of new ones. This partnership is set to open new doors for marine service growth within Bahrain and across the region.' "Noatum Maritime, ASRY launch JV with tugboat delivery in Bahrain" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Trade Arabia
18-04-2025
- Business
- Trade Arabia
ASRY-Noatum JV celebrates arrival of 4 modern tugboats
Noatum Maritime and The Arab Shipbuilding and Repair Yard Company (ASRY) have marked the operational commencement of their joint venture to provide integrated marine services in Bahrain, with the arrival of four modern tugs at ASRY's headquarters. The arrival of the tugs, part of Noatum Maritime's existing fleet, was celebrated during a ceremony attended by representatives from various ministries, public bodies and leading industrial firms at ASRY's headquarters in Bahrain. This development follows the announcement of the JV in February, which aims to expand the current marine service offering in Bahrain and across the wider region. The partnership, to be known as ASRY Marine, is aligned with both parties' strategic goals to expand capabilities and diversify service offerings. Captain Ammar Al Shaiba, CEO of the Maritime & Shipping Cluster, AD Ports Group, said: "The arrival and deployment of these advanced tugs symbolise the official commencement of our strategic partnership with ASRY. We look forward to utilising our decades of expertise in this field to deliver greater operational efficiency, reliability and value to customers." Dr Ahmed Al Abri, the CEO of ASRY said: "We take pride in setting the stage for our new partnership with Noatum Maritime through this occasion. The new tugboats feature advanced technologies that will undoubtedly support and enhance current marine services, while also enabling the introduction of new ones." "This partnership is set to open new doors for marine service growth within Bahrain and across the region," he stated.
Daily Tribune
23-03-2025
- Business
- Daily Tribune
ASRY hosts Ramadan Ghabga for clients
The Arab Shipbuilding and Repair Yard Company (ASRY) welcomed key clients, including representatives of shipowners and maritime asset operators, to a Ramadan Ghabga at the Gulf Hotel on Tuesday. The event was attended by senior figures from the company's management, led by Chief Executive Dr. Ahmed Al Abri. Dr. Al Abri said, "It is an honor to bring together our valued clients under one roof. We deeply value the steady backing we receive from our distinguished global partners, whose trust drives progress and long-term growth. Their support has enabled ASRY to stand apart, hold on to its standing, and maintain our reputation as a reliable name in shipbuilding and repair." He added, "ASRY remains committed to strengthening its position as a leading maritime hub by putting clients first, delivering high-quality services, and exceeding expectations. By embracing the latest systems and technologies, we aim to provide solutions that adapt to the evolving needs of the industry." Meanwhile, Business Development Manager Mohammed Sultan said the event was arranged to widen lines of contact and strengthen ties with ASRY's global clients, who remain a key part of the company's position and growth.
Daily Tribune
04-03-2025
- Business
- Daily Tribune
Quarry Closure Leaves Bahrain 60% Short on Building Materials
TDT | Manama Bahrain's only quarry has shut, leaving MPs pressing for answers as the country's supply of building materials runs 60 per cent short of demand. Housing projects and major infrastructure works are at risk, and prices for tenders are creeping up. The government says it has a plan, but MPs are not convinced the problem is being tackled at its root. In Parliament Tuesday, MP Hassan Ebrahim said Bahrain needs between 9 and 11 million tonnes of imported materials each year, yet supplies are falling short. He warned that recent shipments would barely last a month. 'The problem is far from solved and requires fundamental solutions,' he said. Industry and Commerce Minister Abdulla bin Adel Fakhro responded, insisting the government had moved quickly to keep the market steady. 'The government has taken alternative steps to ensure the availability of construction materials and keep prices in check,' he said, pointing to agreements with private firms, including ASRY, to allow their ports to be used for imports. 'This measure has already made an impact,' Fakhro said. Over 100,000 tonnes of materials arrived in the past fortnight, and prices had begun to drop. But MPs were not persuaded. Temporary measures, they argued, would not address the wider issue: Bahrain's reliance on external suppliers and a supply chain that was already under strain. Ebrahim highlighted another problem—Bahraini companies had leased their transport barges to firms abroad, taking advantage of better offers overseas. 'There are only four or five companies in Bahrain that own barges, and the crisis started when they rented them out,' he said. He compared Bahrain's position with the UAE, which had 35 barges and $30 billion worth of projects, yet had managed to keep its own supply chain running. The effects on government projects are already being felt. 'Ministries rely on private contractors, and the lack of materials is inflating tender prices, doubling project costs,' Ebrahim said. He pressed the government to act, warning that ASRY's only working berth could accommodate just 28,000 tonnes at a time, while an older berth lacked the depth for large shipments. Housing and Urban Planning Minister Amna Al Rumaihi stepped in to reassure MPs that higher prices would not be passed on to ordinary Bahrainis. 'Any increase in construction material prices will not affect the housing services provided to citizens,' she said, adding that the ministry was taking 'all necessary measures to ensure that no cost increases are passed on to beneficiaries.' She confirmed that all housing projects were on schedule and within budget, and that contracts issued through the Tender Board contained clauses to account for price shifts. 'The government, in coordination with contractors, absorbs these cost variations—whether increases or decreases—so that citizens are not burdened with additional expenses,' she said. She also addressed concerns over housing loans, pointing out that the last review of Tas'heel and other funding schemes had taken place in 2022, leading to an increase in financing limits. She assured MPs that agreements with developers required them to keep sale prices fixed, regardless of project delays or cost hikes. Ebrahim remained unconvinced. 'Beneficiaries of alternative housing services like the Land and Loan scheme, as well as those under the Mazaya programme, need prices to remain affordable,' he said. First Deputy Speaker Abdulnabi Salman went further, warning that the problem extended beyond housing. 'This goes beyond construction. This will affect trade, business, and the cost of living,' he said. He pressed the government to set out a clear long-term strategy instead of 'dealing with the situation as it unfolds.' 'The quarry has already shut, and neighbouring countries like Saudi Arabia, the UAE, and Kuwait are focused on their own development projects. They can't be blamed for keeping their resources for domestic use,' he said. He recalled Bahrain's past troubles with sand shortages, saying this crisis had been coming for some time. 'These are the same old problems, and they always hit housing, works, and infrastructure projects the hardest. The government must be proactive, not reactive,' he said. He warned that rising costs would put extra strain on major projects under the Ministry of Housing and the Ministry of Works. 'Citizens are waiting for housing programmes like Mazaya, but if construction costs rise, so will their financial burden. What is the Ministry of Housing's plan if prices continue to climb?' he asked. He also raised concerns over the pressure on Bahraini contractors, saying the cost of materials would force them to bid higher, pushing up overall project costs. 'The government isn't responsible for the price hikes, but it must act before the problem grows. We can't afford to sit back and wait,' he said. Salman also noted that Bahraini companies were shifting focus abroad. Some of the country's biggest producers were putting money into operations in neighbouring GCC countries rather than keeping supply chains running at home. 'They have every right to do so—it's a business decision. But the challenges they face in Bahrain are pushing them to invest elsewhere,' he said. He pointed to the lack of a dedicated port for construction materials as a key reason why supply had slowed. 'We don't have the infrastructure to handle the scale of imports we need. That means delays, disruptions, and higher costs,' he said. However, Bader Al Mahmoud, Undersecretary for Ports and Maritime Affairs at the Ministry of Transportation and Telecommunications, sought to reassure MPs, pointing to rising import volumes. 'In just two months of 2025, Bahrain has imported 850,000 tonnes of construction materials, including clinker, limestone, gabbro, and aggregate, a 36 per cent jump from the same period last year,' he said. He insisted that Bahrain's ports were not the issue, noting that there were 23 working berths across Sitra, Khalifa Bin Salman Port, and Salman Industrial City, covering 3,700 metres and equipped for heavy shipments. 'There is no issue of infrastructure—there are sufficient berths to process construction material shipments,' he said. Al Mahmoud confirmed that Saudi Arabia had agreed to provide a new quarry along its eastern coast as an alternative source of raw materials once Bahrain's own quarry closed at the end of 2025. 'We are in advanced talks with our Saudi counterparts to establish a dedicated transport route for construction materials to Bahrain,' he said. Negotiations were also underway to secure more berths for handling shipments. He also revealed that Bahrain was setting up a joint Bahraini-Saudi company for construction materials, as agreed during the Bahrain-Saudi Business Council meetings. 'This company, managed through the Bahrain Chamber of Commerce and Industry, will ensure a steady supply of materials,' he said. On concerns over shipping capacity, he confirmed that over 100 marine vessels in Bahrain were registered for construction material transport but admitted that many were committed to projects abroad. 'We recognised the shortfall and expanded the capacity of existing berths to handle deeper vessels,' he said, adding that ASRY could now take ships carrying over 28,000 tonnes per shipment and that a similar agreement was being negotiated with Bahrain Steel. To secure long-term imports, he disclosed that the ministry had signed a Letter of Intent with APM Terminals to explore expanding Khalifa Bin Salman Port for construction materials. 'We are working towards a dedicated berth for construction materials, with the private sector leading its development and operations,' he said. Despite government reassurances, MPs remained unconvinced. 'Neighbouring countries have major projects of their own and are no longer exporting as much as before—we must find a permanent solution,' Salman said.
Daily Tribune
28-02-2025
- Business
- Daily Tribune
ASRY participates in NAVDEX talks 2025
ASRY's Chief Executive Officer, Dr Ahmed Al Abri, addressed the opening session of NAVDEX Dialogue 2025, speaking at the event held alongside the International Defence Exhibition and Conference, IDEX and NAVDEX 2025, at the ADNEC Centre in Abu Dhabi. Dr Al Abri shared insights into the rapid changes shaping military shipbuilding and repair across the region. His speech touched on the latest developments, examined key challenges facing the sector, and explored both present and future trends that are expected to steer its course in the years ahead. He also brought attention to research, modern engineering methods, and practical solutions that could help this field expand, while stressing the need for stronger cooperation at all levels. On the second day, ASRY's Post Sales and Commercial Affairs Manager, Wael Mirza, took to the stage to introduce the company's work in ship building and repair, with a focus on naval vessels and support ships.
