ASRY wins repair deal for Kuwaiti vessels

The deal covers regular dry dock maintenance for 14 oil tankers, four LPG tankers, and one OSV. Following fleet-wide feasibility studies by ASRY’s Construction & Engineering, the deal will also include the installation of ballast water management systems when they are made mandatory.

The schedule for all the dockings over the next two and half years has been set-out in the agreement, which takes effect this month. Eight vessels are due in 2015 – with the first arriving this month – followed by nine more in 2016, and a further two in 2017.

His Excellency Sheikh Duaij bin Salman Al-Khalifa, chairman, ASRY, said: “Not only is KOTC getting excellent value through advance commitment, but by removing the time-consuming individual tendering process for each ship, we can provide priority dock space, superior scope planning and leading turnaround times.”

Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah, chief executive officer of KOTC, added: “The benefits of an exclusive block agreement with a single yard are clear. Rolling over experience from one vessel to the next will create exponential rewards and efficiencies over re-selecting a yard each time. The doubts and uncertainties that arise from individual bids are eradicated.”