Asyad Drydock is reporting its 2200 drydocking milestone as the company continues to see record numbers of repair and conversion deals. The company, part of the Asyad Group, is exhibiting in Hall 4 at Stand 4.134
Asyad Drydock says drydockings in the first five months of 2026 have increased by more than 10pc compared to the same period last year. This builds on record numbers of drydockings in 2024 and 2025 when the yard repaired more than 230 vessels each year, the highest levels since opening in 2011.
Asyad Drydock CEO Ahmed bin Ali Al Bulushi said the 2200 drydocking milestone reflects how the shipyard has become one of the most strategically important in the world.
“Since our establishment in 2011, Asyad Drydock has demonstrated consistent growth through strategic investments in operational capabilities, infrastructure, and human capital,” he said. “Our competitive advantage is anchored in our strategic positioning on the Arabian Sea, which places us directly on critical Asia-Europe and Asia-Africa maritime corridors. This geographic advantage enables vessel operators to optimize voyage efficiency—eliminating costly deviations into the Arabian Gulf and preserving valuable sailing days.”
Mr Al Bulushi said the yard’s growth is also being driven by its integration into the wider Asyad Group, the global logistics and supply chain company. He stated that Asyad is investing heavily in infrastructure at the Port of Duqm which is creating a stronger ecosystem of suppliers and OEM facilities. Moreover, he said the yard is benefiting from Asyad’s logistics arm which fast tracks supplies of equipment and spare parts. He also pointed to the Special Economic Freezone in Duqm which offers numerous incentives to companies, including tax breaks and 100pc foreign ownership, to set up in the port.
Mr Al Bulushi said this year, Asyad Drydock is repairing vessels for a large number of new customers as well as existing ship operators. The Greek ship owning market also remained key with many owners using the yard.
“Despite our recent market entry, Asyad Drydock operates world-class facilities that rival established global shipyards,” he said. “Our 1.2-million-square-meter complex features two graving docks—capable of accommodating vessels up to 500,000 DWT and 600,000 DWT respectively—complemented by state-of-the-art steel fabrication, engineering, coating, and blasting capabilities. This integrated infrastructure enables us to execute sophisticated conversion projects and compete effectively on the global stage. Today, we service an unprecedented diversity of vessel classes—including VLCCs, tankers, car carriers, bulk carriers, and cruise ships—while our clients consistently report exceptional satisfaction with our operational performance and service efficiency.”
Mr Al Bulushi highlighted a comprehensive suite of operational enhancements, including the deployment of an additional floating drydock, attainment of American Bureau of Shipping (ABS) certification for large-vessel propeller blade repairs, implementation of advanced environmentally sustainable coating systems, and integration of robotic hull-cleaning technologies. The company has further expanded into shipbuilding, securing a landmark agreement this year to construct Oman’s first domestically manufactured tugboat for Oman LNG, developed in strategic partnership with workboat specialist Svitzer.
Source: cyprusshippingnews.com
