Bahri signs fleet repair frame agreement with ASRY
Saudi Arabian ship owner Bahri has secured favourable terms for drydocking and repairs with Arab Shipbuilding and Repair Yard (ASRY) in 2019 under a fleet repair framework agreement.
The agreement represents a further strategic link between the Bahrain yard and the shipping company’s 91-strong fleet. ASRY said that the deal would boost cooperation and attract more of Bahri’s assets to Bahrain.
“We understand the downward pressure being faced by owners and encourage these collaborative ways of supporting fleets both regionally and globally,” said Andrew Shaw, CEO, ASRY. “This agreement allows us to offer the best value and flexibility for drydock availability, prices, and repairs, and continue to deliver high standards of safety, quality and schedule.”
Abdel Aziz Sabri, president of Mideast Shipmanagement, Bahri’s management arm, added: “ASRY has been a long-term partner of Bahri, having repaired many of their vessels successfully. We’re pleased to take this next step with them and we look forward to this agreement allowing our fleet to be repaired with even greater ease and in greater numbers in the future.”
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