ASRY capitalising on buoyant Mid East market
ASRY is in talks about a ship recycling project (Source: ASRY)
The yard will build two self-propelled bunker barges for Bapco Refining as refuelling demand for boxships calling at the island nation’s APM Terminals-operated container terminal continues to climb, and more ships call at ports on Saudi Arabia’s eastern seaboard.
Meanwhile, the 47-year old repair facility is engaged in an exploratory ship recycling project with Government ministries and a local steel mill where recycled steel can be reprocessed. In July, Maersk signed a Memorandum of Understanding with the Bahraini Ministry of Transportation and Telecommunications and the Ministry of Industry and Commerce to explore the feasibility of setting up a ship recycling base in the Kingdom.
This latest development follows what is understood to be a recycling pilot project. The 1,088-TEU container ship, Wan Hai 165, built in 1998, was recycled last year. Details of the project have not been released but it is understood that steel from the vessel was processed at the nearby steel mill.
