Noatum Maritime, part of AD Ports Group’s Maritime and Shipping Cluster, has formed a joint venture (JV) with Arab Shipbuilding & Repair Yard Company (ASRY), a leading provider of maritime repair and fabrication facility, for the provision of marine services in Bahrain.
This move aims to enhance ASRY Shipyard’s current marine service offering by leveraging Noatum Maritime’s operational expertise and cutting-edge fleet, with plans to target external clients within Bahrain.
Initially, the joint venture operations will focus on towage and mooring, which will be carried out by utilizing existing vessels owned by Noatum Maritime.
Launching operations with 4 ASD tugs and a mooring boat, replacing ASRY’s current fleet and marine services, the JV will scale up to leverage the full suite of maritime solutions available through Noatum Maritime. To ensure a smooth continuity of operations, existing personnel will be retained.
By harnessing Noatum Maritime’s market-leading expertise in harbor towage, marine logistics, and offshore operations, the JV is set to enhance operational efficiency and drive scalability and industry best practices.
Although the business segment operates towage services in markets like Mauritius, Mozambique, Saudi Arabia, Kuwait, and Oman, it marks the first international move with the full suite of marine services for Noatum Maritime.
Captain Ammar Al Shaiba, CEO of Maritime and Shipping Cluster at AD Ports Group, highlighted that this collaboration enhances the group’s regional presence and enables it to leverage its expertise in marine services, while providing service excellence through the modern efficient fleet.
Ahmed AlAbri, CEO of ASRY, added that, “Partnering with Noatum Maritime marks a significant step forward in solidifying our marine services offering. With their expertise and cutting-edge fleet, we are confident that this JV will set new standards for efficiency, reliability and service excellence.”
