Partnership to collaborate on strategic maritime and ports projects
In the presence of Shaikh Nasser Bin Hamad Al Khalifa, His Majesty’s Representative for Humanitarian Works and Youth Affairs, Kingdom of Bahrain, AD Ports Group signed three Heads of Terms (HoTs) with the Arab Shipbuilding & Repair Yard Company (ASRY), the Arabian Gulf’s leading maritime repair and fabrication facility, for the provision of marine services in Bahrain to collaborate on strategic maritime and ports projects.
These new agreements follow the successful establishment of ASRY Marine, a joint venture between Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, and ASRY, focused on providing integrated marine services in Bahrain.
The first Head of Terms (HoT) pertains to a Joint Venture (JV) to manage drydock facilities and shipyards. The JV aims to leverage the capabilities and facilities of each party through their established businesses in this sector.
Marine services
Additionally, both parties signed a second HoT with a third party, JM Baxi, an India-based well-established business specialising in marine services, ports, logistics, and technology.
JM BAXI is actively involved in promoting and implementing sustainable practices in this area and supports the implementation of the Hong Kong Convention (HKC), a global standard for responsible ship recycling.
“Exploring opportunities to establish green ship recycling facilities is also very important for us, ensuring that vessels are retired in a safe and environmentally responsible manner,” stated Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
These initiatives reflect our ongoing commitment to a culture of innovation, operational excellence, and driving growth in the maritime sector,” commented Dr. Ahmed Al Abri, CEO, ASRY.
