VOL. XXXII

NO. 24

20-MARCH-1989

OAPEC

ASRY Abandons Plans for Panamax-Size Floating Dock

The OAPEC-sponsored Bahrain-based Arab Shipbuilding and Repair Yard (ASRY)has abandoned its plans to purchase a second-hand Panamax-size floating dock -which was estimated to cost some $50mn - after having searched for such a dockfor over a year (MEES, 8 February 1988). ASRY apparently conductednegotiations for over nine months with the King Fahd Ship Repair Yard of SaudiArabia for the purchase of one of their...