Bethlehem Signs Agreement To Represent New Arab Shipbuilding And Repair Yard
Bethlehem Steel Corporation has signed an agreement with Arab Shipbuilding & Repair Yard Company to represent the latter as a ship repair sales agent in the United States.
The agreement was announced jointly in New York by Gilford Rossi, chairman of the board of directors of Arab Shipbuilding & Repair Yard Marketing Services Ltd. of London, England, which has worldwide sales responsibility for the yard, and William C. Brigham, vice president, shipbuilding, Bethlehem Steel, its U.S. sales agent.
Bethlehem will handle sales for ship repair to owners and operators, domiciled in the United States, of very large crude carriers (VLCCs).
The Arab Ship Repair Yard (ASRY), located on the Island of Bahrain, will be completed in late 1977 and go into full oper- ation during 1978. This modern complex will have a graving dock 1,230 feet long and 245 feet wide, and complete supporting shops and tools to handle all ship repair work. The dock will be capable of accommodating VLCCs up to 450,000 deadweight tons.
Located in the heart of the world's major crude oil loading area, ASRY will be one of the most modern yards in existence. The Lisbon, Portugal-based firm of Estaleiros Navais de Lisboa— Lisnave—the largest and most experienced VLCC repair yard in Europe, has signed a management contract for operation of ASRY.
The yard represents the first pan-Arab industrial venture, with seven OAPEC nations participating. They are Bahrain, Saudi Arabia, Kuwait, Libya, Iraq, Qatar and UAE (United Arab Emirates).