AD Ports and ASRY to collaborate on strategic maritime and ports projects

(Posted on 15/06/25)

In the presence of His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty’s Representative for Humanitarian Works and Youth Affairs, Kingdom of Bahrain, Chairman of Bapco Energies, AD Ports Group, a leading facilitator of global trade, logistics, and industry , 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. This agreement seeks to enhance drydocking and shipbuilding capabilities within the GCC and explore opportunities in other regions.

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. This agreement focuses on creating green ship recycling facilities to promote a circular economy by repurposing parts and minimising waste, thereby reducing carbon emissions. Green recycling in the shipping industry involves the environmentally responsible dismantling and repurposing of ships, contributing to resource conservation and pollution reduction. 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.

The final HoT signed by AD Ports Group and ASRY relates to exploring joint investment opportunities within ports and terminals. Through the creation of a collaborative framework and a working group the parties will draw on their joint expertise to identify prospective areas of development.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “Following the successful formation of our recent joint venture with ASRY, we look forward to deepening our collaboration across the maritime realm. We have already developed strong working ties, and this agreement opens the door to create more value and growth across our operations. 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.”

Dr. Ahmed Al Abri, CEO – ASRY said: " We are proud to enhance and expand our strategic partnership with AD Ports Group through these new agreements."

Latest News

AD Ports begins LEO satellite connectivity rollout across global operations

Abu Dhabi based AD Ports Group, a leading global enabler of trade, logistics, and industry services,... Read more

Port of Immingham welcomes Wilson Eco I

Associated British Ports (ABP) has welcomed the Wilson Eco I to its Port of Immingham on the vessel&... Read more

Peel Ports to invest £100m to expand national steel and metals multimodal hub

The UK’s second largest port operator is progressing with £32m to add a further 140,000... Read more

Jobs and investment boost for UK’s largest steel-handling port

The First Minister of Wales, Eluned Morgan and Cabinet Secretary for Economy, Energy and Planning, Rebecca... Read more

Karachi Terminals major dredging agreement to double bulk vessel capacity

AD Ports Group, a leading enabler of global trade, logistics, and industry, has announced the signing... Read more

Long An Port signs agreements with ports of Portland and Gothenburg

During the Tay Ninh E-Commerce and Export-Import Supply Chain Networking Forum 2025, Long An International... Read more

Sohar tracks shipment reflects accelerated construction of Oman–UAE railway

In a step that reflects the accelerated construction of the Oman–UAE Railway Network, Hafeet Rail... Read more

Peel Ports joins Aluminium Federation to boost sector capabilities

Peel Ports Group has underlined its commitment to supporting UK aluminium and metals supply chains by... Read more

Fednav’s Arctic experience to bring year-round shipping from Port of Churchill

 Arctic Gateway Group (AGG) and Fednav Limited (Fednav) have signed a Memorandum of Understanding... Read more

Upgrade is game-changer for Port of Oshawa

Thanks to a suite of recent upgrades, vessels can now access the Port of Oshawa, Canada, 24/7, giving... Read more