ASRY — BAHRAIN'S ASRY MAINTAINS OPERATIONS DESPITE REGIONAL ATTACKS, EYES DIVERSIFICATION

Bahrain-based Arab Shipbuilding and Repair Yard (ASRY) has successfully maintained operational continuity despite regional attacks and disruptions in the Strait of Hormuz, according to its CEO. The company is now implementing a new strategy to diversify its business beyond ship repair, leveraging its large industrial area. New ventures include luxury yacht services and a green ship recycling project set to process 50,000 tons of steel annually in its first phase.