Bahraini company Arab Shipbuilding and Repair Yard (ASRY) has entered into a memorandum of understanding (MOU) with ONEX Shipyards Greece with the aim to jointly collaborate on knowledge and experience sharing in the sector of maritime repair, technology, optimisation, and modernisation and to explore future business opportunities.
Mr Mazen Matar, Managing Director and Board Member of ASRY, said the MOU will foster the development of ASRY's business to cater more effectively to international markets.
Mr Matar added that the actual collaboration between ASRY and ONEX has spanned decades with the two companies working on the repair and maintenance of Greek ships.
