OAPEC

ASRY Plans to Purchase $50mn Dry Dock in 1988

The OAPEC-sponsored Bahrain-based Arab Shipbuilding and Repair Yard (ASRY) is planning to purchase in 1988 a floating dry dock for up to $50mn, according to a statement on 26 September by Mr. Muhammad al-Khatib, the Managing Director of the yard's London-based marketing affiliate Asrymar. ASRY's Board of Directors is hopeful that the company's seven shareholding states Bahrain, Iraq, Kuwait, Libya, Qatar, Saudi Arabia and the...