Asry registers solid sales growth

Bahrain-based Arab Shipbuilding & Repair Yard (Asry) has got off to an excellent start in 2013 with its sales reaching $35.8 million in the first two months against $24.6 million for the same period last year.

The number of vessels which were repaired in the company's dry docks over this period was 37, against 38 during the same period of last year, said a report in the Gulf Daily News, our sister publication.

Such results were a positive indication that the ship repair market is bouncing back, Asry chairman Shaikh Daij bin Salman Al Khalifa told directors at a board meeting.

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