ASRY Ship Recycling Begins First Project in Bahrain as Priya Blue Partnership Unveils Brand
Shipping Arabia, November 14, 2026 – Arab Shipbuilding and Repair Yard (ASRY) and Priya Blue Group have unveiled the brand identity of their joint venture, ASRY Ship Recycling, as their strategic partnership enters its operational phase with the commencement of its first ship recycling project in Bahrain. The launch marks a new stage in the partners’ efforts to develop ship and marine asset recycling activities in the Kingdom.
The brand was officially introduced during ADIPEC 2026 in Abu Dhabi. The announcement follows the transition of the ASRY–Priya Blue partnership from its initial development stage into operational activities.
The joint venture brings together ASRY’s maritime infrastructure, industrial capabilities and marine expertise with Priya Blue Group’s decades of experience in recycling ships and complex marine assets. Both companies aim to establish a competitive and sustainable recycling business that supports Bahrain’s position in the regional maritime industry.
ASRY Ship Recycling Combines Industrial Infrastructure and Specialized Expertise
ASRY Ship Recycling draws on the complementary capabilities of its two partners to develop its operations in Bahrain.
ASRY contributes its established industrial and maritime infrastructure, alongside its technical capabilities in the marine sector. Meanwhile, Priya Blue Group brings extensive international experience in ship recycling and handling complex marine assets, with an emphasis on safety and environmental sustainability.
Best Oasis is responsible for vessel acquisition and the commercial aspects of the joint venture. Its involvement adds a dedicated commercial component to the partnership alongside the industrial and recycling capabilities of ASRY and Priya Blue.
The commencement of the first ship recycling project represents an important operational milestone for the venture. It also marks the practical implementation of the strategic partnership between the two companies.
The newly introduced brand identity provides the joint venture with a dedicated presence as the partners seek to develop their activities in the ship and marine asset recycling market.
Priya Blue Emphasizes Sustainable Ship Recycling
Gaurav Mehta, Director of Priya Blue Group, welcomed the launch of the ASRY Ship Recycling brand and highlighted the company’s commitment to environmentally responsible recycling practices.
He said the partnership aims to apply Priya Blue’s international expertise to strengthen responsible ship recycling, reduce environmental impacts and support the maritime industry’s transition toward more sustainable operations.
Mehta also emphasized the importance of adopting circular economy principles within the maritime sector. These priorities form part of the partners’ shared approach to developing ship recycling activities with a focus on safety and sustainability.
The partnership combines Priya Blue’s specialized recycling experience with ASRY’s industrial and marine capabilities, creating a platform for the development of ship and marine asset recycling operations in Bahrain.
ASRY Targets Larger and More Diverse Recycling Projects
Dr. Ahmed Al Abri, CEO of ASRY, said the new brand reflects the shared vision of ASRY and Priya Blue to establish a leading presence in the regional ship and marine asset recycling industry.
He highlighted promising growth opportunities in the sector and emphasized the partners’ ambition to build a competitive and sustainable business through ASRY Ship Recycling.
Al Abri also expressed the company’s intention to attract larger and more diversified recycling projects during the next phase of development.
The expansion of the venture’s project portfolio forms part of ASRY’s broader ambition to strengthen Bahrain’s position as an integrated regional hub for ship and marine asset recycling.
With the first project underway, the partnership is moving beyond its initial establishment phase and focusing on developing its operational and commercial activities.
The brand launch at ADIPEC 2026 therefore represents another milestone in the ASRY–Priya Blue collaboration, bringing together industrial infrastructure, specialized ship recycling expertise and vessel acquisition capabilities under a dedicated joint venture.
Source: Al Ayam