Asry taps AD Ports for Bahrain maritime services: AD Ports Group has inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY) to provide marine services in Bahrain across maritime and port projects, according to a statement.

#1- A shipyard-focused JV is on the cards: The pair inked a HoT to establish a joint venture (JV) to manage drydock facilities and shipyards. Under the agreement, the two parities look to boost the GCC’s drydock and shipbuilding capacity as well as explore potential options to expand their mutual businesses to other regions.

#2- AD Ports, ASRY, JM Baxi eye green ship recycling: AD Ports and ASRY signed a HoT with India-based maritime service provider JM Baxi to develop green ship recycling facilities.

#3- Potential investments across ports, terminals: The two parties inked a final HoT to develop a working group in a bid to highlight potential areas of collaborative investments across ports and terminals.

REFRESHER- AD Port’s subsidiary Noatum Maritime and Asry formed a JV — dubbed ASRY Marine — to offer integrated maritime services in Bahrain. The JV — first announced in February and activated in April — aims to deliver integrated marine services in Bahrain and marked its operational start with the arrival of four modern tugboats from Noatum Maritime’s fleet at ASRY’s headquarters.

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